Plus Products (CSE: PLUS) (OTCQX: PLPRF) recently
announced the listing of its debentures and warrants from its brokered private
placement on the Canadian Securities Exchange under ticker symbols ‘PLUS.DB’
and ‘PLUS.WT’ on July 2, 2019 (http://ibn.fm/GpEOX).
An article discussing the company reads, “The warrants and debentures were part
of a private placement that raised CA$25 million, with the funds to be used for
working capital and other general corporate purposes. . . . The private
placement of unsecured convertible note units closed on February 28 (http://ibn.fm/yxOqU). The
brokered private placement of 25,000 units of the company at a price of
CA$1,000 per unit consisted of one unsecured convertible debenture having the
principal amount of CA$1,000 and 77 subordinate voting share purchase warrants
of the company. . . . Every debenture accrues interest at 8% per year, payable
semiannually in arrears until the February 21, 2021, maturity date. They are
also convertible into subordinate voting shares at CA$6.50 per conversion share
starting September 28, 2019. The debentures are unsecured obligations of the
company.”
To view the full article, visit http://ibn.fm/kdRHc
About Plus Products Inc.
Plus Products is a California edibles company focused on
using nature to bring balance to consumers lives. PLUS’s mission is to make
cannabis safe and approachable; that mission begins with high-quality products
that deliver consistent consumer experiences. PLUS Gummies and PLUS Mints are
manufactured at PLUS’s own factory in Adelanto, California, with strict
internal and external testing to ensure accurate consistent dosage. PLUS is
headquartered in San Mateo, California, with 80 employees. For more
information, visit the company’s website at www.PlusProducts.com.
NOTE TO INVESTORS: The latest news and updates
relating to PLPRF are available in the company’s newsroom at http://ibn.fm/PLPRF
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