MedX Announces Application for Extension for a further $300,000 of Series I Loan Notes [Yahoo! Finance]
MEDX HOLDINGS INC (MEDH)
US:NASDAQ Investor Relations:
investorshub.advfn.com/medx-holdings-inc-medh-13916
Company Research
Source: Yahoo! Finance
MedX " or the " Company ") (TSX-V: MDX ) announced that it had obtained final TSXV Acceptance for extension of the Maturity Date of $2,650,000 out of $3,700,000 of then outstanding Convertible Loan Notes (" Series I Notes ") from December 31, 2023 to December 31, 2025 (the " Extension "), and that it may submit request(s) to the TSXV for Acceptance in the event that additional holders of Series I Notes agreed to accept the Extension. The Company is now pleased to announce that holders of a further $300,000 of Series I Notes have agreed to the Extension, and accordingly the Company has made application to the TSXV for Acceptance, issuance of which is subject to all applicable TSXV Policies. The Series I Loan Notes, originally issued in the First Quarter of 2021, pay Interest quarterly at 6% per year, originally matured on December 31, 2023 (" Original Maturity Date ") which, where holders have agreed and TSXV Acceptance has been issued, has been extended to December 31, 2025 (" New M
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