Marketwire.com
Orbite Announces Trading of Convertible Debentures
Edited by : AL CIRCLE
1 min read
Orbite Aluminae Inc. announces that the Convertible Debentures issued in December 2012, will begin trading today.
Convertible Debentures
The Debentures will begin trading today at the market open on the Toronto Stock Exchange under the symbol ORT.DB (see TSX Bulletin 2013 0468).
On December 13, 2012, Orbite announced the completion of a $25 million secured convertible debenture offering. The Debentures were issued at a price of $1,000 per debenture; bear an interest rate of 8% calculated from the date of issue to be paid quarterly in arrears and mature on December 13, 2017. The Debentures are convertible in whole at the holder's option into common shares at a conversion price of $3.50 per share at any time prior to the maturity date.
Further details on the Debentures are provided in the Trust Indenture, which was filed on December 17, 2012 under the Company's profile on www.sedar.com.
Convertible Debentures
The Debentures will begin trading today at the market open on the Toronto Stock Exchange under the symbol ORT.DB (see TSX Bulletin 2013 0468).
On December 13, 2012, Orbite announced the completion of a $25 million secured convertible debenture offering. The Debentures were issued at a price of $1,000 per debenture; bear an interest rate of 8% calculated from the date of issue to be paid quarterly in arrears and mature on December 13, 2017. The Debentures are convertible in whole at the holder's option into common shares at a conversion price of $3.50 per share at any time prior to the maturity date.
Further details on the Debentures are provided in the Trust Indenture, which was filed on December 17, 2012 under the Company's profile on www.sedar.com.
Tagged with:Financial Reports
Previous article
Utkal alumina refinery to commence trial production
Next articleGreen light for South of Embley alumina project near Weipa
Grow with
AL Circle
