The convertible debentures are due March 9, 2020 $227,019,000 of the principal amount
Aurora Cannabis Inc, the Canadian company defining the future of cannabis worldwide, announced today that the Company has received notice from holders of the Company's CAD$230 million 5% unsecured, convertible debentures due March 9, 2020 (the "Debentures") representing $227,019,000 principal amount, or approximately 99%, of the Debentures, voluntarily electing to convert their Debentures pursuant to the Early Amended Conversion Privilege (the "Elected Debentures"), as defined in the first supplemental indenture dated November 14, 2019, between the Company and Computershare Trust Company of Canada (the "Supplemental Indenture").
Under the terms of the Supplemental Indenture, the Elected Debentures will be converted into common shares of the Company (the "Common Shares") at the Amended Early Conversion Price (as defined in the Supplemental Indenture) of $3.2837 resulting in the issuance of an aggregate of 69,135,117 Common Shares.
Holders of Elected Debentures will also receive accrued and unpaid interest from the last interest payment date, being June 30, 2019, to, but excluding, November 25, 2019, and future unpaid interest from November 25, 2019, to, but excluding, the date of maturity of the Debentures, being March 9, 2020, payable in cash.
To learn more about Aurora Cannabis Inc visit their Company HQ here.
Disclaimer: Past performance is not an indicator of future performance.
Disclaimer: past performance is not an indicator of future performance
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