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LSL PHARMA GROUP ANNOUNCES THE COMPLETION OF EARLY REDEMPTION OF ALL 11% UNSECURED CONVERTIBLE DEBENTURES

LSL · Price
Executive Summary
- LSL Pharma Group completed the early redemption and cancellation of all its 11.0% Unsecured Convertible Debentures, which were originally scheduled to mature on October 31, 2028.
- The company paid debenture holders an aggregate total of $3,505,098.08, covering the principal amount, an early repayment premium, and accrued interest.
- The debentures (symbol: LSL.DB) were delisted from the TSX Venture Exchange and ceased trading on August 1, 2025.
Key Details
- Transaction: Early redemption and cancellation of all issued and outstanding 11.0% Unsecured Convertible Debentures.
- Original Maturity Date: October 31, 2028.
- Total Payment to Holders: $3,505,098.08.
- Principal Amount Repaid: $3,288,000.
- Payment Components: The aggregate amount included the principal, the early repayment premium as per the trust indenture dated November 1, 2023, and all accrued and unpaid interest up to the Redemption Date.
- Delisting Status: Debentures delisted from the TSX Venture Exchange under symbol LSL.DB; ceased trading on August 1, 2025.
- Trustee: TSX Trust Company.
Notable Quotes
- No direct quotes from management were included in the release text provided.
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