Eguana proposes up to C$ 500,000 10% secured convertible debenture offering
Bitget2026/09/21 16:19- Eguana Technologies announced a proposed non-brokered private placement of 10% subordinated secured convertible debentures for up to C$ 500,000.
- ASC issued a partial revocation order dated Aug. 27, 2026, allowing the financing despite an ongoing failure-to-file cease trade order.
- Debentures mature 12 months from issuance; conversion into shares at C$ 0.15 only permitted once the cease trade order is fully revoked.
- Proceeds earmarked to complete overdue financial filings, fund related professional fees, support working capital.
- Closing targeted on or about Sept. 22, 2026, subject to TSXV acceptance, creditor consents, customary conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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