Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
No Mr I. I like chocolate and quality chocolate like Fortnum and Mason chocolate. Quality and happy to pay for it .Its my corner store.
ARE (as regards Easter). Like you 4 years plus wheres our profit? You and I have both previously shown profit. Greed kills us all. JACK aka Jackdaw 26
Stuff Esster more capitalist, commercial bulldung. Totally unnecessary nothing religious about it. There's a coca shortage, buy and your kids get fat. And the planet gets it. Buy free rance. 20g £ plus invested here .And nothing to show for it. Enjoy your egg
28 March 2024
ASX Code: MXC
LSE Code: MXC
Refinancing of Convertible Securities Agreement
MGC Pharmaceuticals Ltd (‘MGC Pharma’ or ‘the Company’) wishes to advise that it has executed a
Deed of Variation with Mercer Street Global Opportunity Fund, LLC (Mercer) in respect of the convertible
securities agreement entered into between the Company and Mercer in 2020. This includes the
refinancing of 500,000 convertible notes from the 2020 convertible note facility (Notes) which totals
$2,100,000. A commercial agreement has been reached by which the minimum conversion price of the
Notes has been reduced from not less than $10.00 to not less than $0.35. Further details in respect of
the variation to the Notes are set out below.
Variation to 2020 Convertible Securities Agreement
As announced on 10 September 2020, the Company entered into an agreement with Mercer (2020
Agreement), whereby Mercer conditionally agreed to provide the Company with up to $15 million in
funding, via subscriptions for convertible notes in the Company with a face value of AUD$1.00 each.
As at the date of this announcement 2,100,000 convertible notes pursuant to the terms of the 2020
Agreement remain on issue.
The Company and Mercer have agreed to amend the minimum conversion price of 500,000 Notes under
the 2020 Agreement (which had amendments approved at a meeting of Shareholders1
) from “not less
than $10.00” (post consolidation) to “not less than $0.35” (post consolidation). The issue of any
conversion shares as a result of the amendment of the minimum conversion price will be made under
the Company’s existing placement capacity under Listing Rule 7.1.
The Company intends to reach additional agreements with Mercer to amend the terms of the remaining
2020 convertible note facility and the 2022 convertible note facility2
.
—Ends—
You hit it spot on. AIM only line's te pockets of the board, broker's lawyers etc. And you/we support their lifestyle. How stupid can you be please 🙏
Amazing this morning CPX went 18% down, then on release of the RNS at one point it was 94% up.
Wow, bang, lift off, engines running we've going to the moon.
You all climbed on board fueling the rise etc.
Now it's coming down to crash land, your in panic, crash bang wallop. It's no one's fault but your own.
I got out yesterday at .21p making a loss. Not not as much as I would of done, if I took flight today
I really envy you guys, that can buy large amounts. I'm a tiny little fish with just over a million shares at an average of 2p. I've been averaging down these last weeks. Hemo, imo has potential been here since 2021 and has seen the highs and the lows. And stayed put. I will invest more as and when. I'm not quitting yet.
As the say you got to be init to win it.
My apologies had a malt whisky to many. Just stating how I feel 😌. Now got to face the wife😖