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Gravitas Financial Inc. Debenture

Listing Exchange: 
CSE
Status: 
Active
Industry: 
Diversified Industries
Symbol: 
GFI.DB.A
CSE Index: 
Currency: 

The Debentures shall pay interest at a rate as is equal to the greater of: (i) three percent (3.0%) percent per annum; or (ii) an amount as is equal to eighty percent (80%) of the earnings before interest expenses and tax (EBIT) of the Resulting Issuer on a consolidated basis (pro rata to the holders of the Resulting Issuer Debentures), subject to an aggregate maximum amount of eight percent (8%) per annum, as more particularly set out in the Resulting Issuer Trust Indenture. The base three percent (3.0%) percent interest payment shall be payable quarterly, in arrears on the last day of each of March, June, September and December, commencing June 30, 2013 (or September 30, 2013 if the Transaction is not completed by June 30, 2013), with the annual adjustment made based on the aforementioned net earnings calculation completed annually and paid out on April 30 of each year. For more information, see the description of the “Resulting Issuer Debentures” in the Listing Statement.

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Gravitas Financial Inc. Debenture (GFI.DB.A)

SEDAR Information

Company Info

Address
333 Bay Street, Suite 2900
Toronto, ON M5H 2T4
Canada
Phone
647-352-2666
Email
vikas@ubikacorp.com
Listing date
Monday, July 8, 2013

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Capitalization

Issued & Outstanding: 
0
Reserved for Issuance: 
0

News Releases

Bulletins

06/06/2019

2019-0606 - Suspension - Gravitas Financial Inc. (GFI/GFI.DB.A/GFI.DB.B)

Le 6 juin/June 2019

Gravitas Financial Inc.  is in default of CSE requirements. Effective immediately the securities of Gravitas Financial will be suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules.  A cease trade order has been issued by the Ontario Securities Commission.

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