Northwire Canada EditionTuesday, August 25, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4694.50 −0.1% SILVER 68.68 +0.1% COPPER 6.71 +1.6% OIL 82.36 −3.1% PALLADIUM 1333.20 −2.2% ODV 4.39 +1.6% PGLD 1.17 +0.9% FDY 5.92 −1.0% FMAN 0.385 −4.9% BGAU 1.82 +5.8% LTH 0.655 +5.7% NVX 0.580 −3.3% MNRG 0.095 +0.0% AG 29.35 +1.6% CTV 0.140 +16.7% OTMC 0.600 +34.8% OPW 0.130 +4.0% HI 0.165 +10.0% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2% GOLD 4694.50 −0.1% SILVER 68.68 +0.1% COPPER 6.71 +1.6% OIL 82.36 −3.1% PALLADIUM 1333.20 −2.2% ODV 4.39 +1.6% PGLD 1.17 +0.9% FDY 5.92 −1.0% FMAN 0.385 −4.9% BGAU 1.82 +5.8% LTH 0.655 +5.7% NVX 0.580 −3.3% MNRG 0.095 +0.0% AG 29.35 +1.6% CTV 0.140 +16.7% OTMC 0.600 +34.8% OPW 0.130 +4.0% HI 0.165 +10.0% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2%
Financings

Mimedia debentureholders approve amendments

By The Northwire Desk — AI Analysis Mar 13, 2026 · 19:51 MIM · 0.32 Mimedia Holdings Inc
MIM · Price

Executive Summary

  • Mimedia Holdings Inc. has obtained holder consent to amend the terms of its outstanding unsecured convertible debentures, extending the maturity date and increasing the interest rate.
  • As consideration for the amendments and for no additional cash, the company is issuing two tranches of subordinate voting share purchase warrants to each debenture holder.
  • The amended terms are designed to mirror the terms of debentures issued on June 27, 2025, pending final acceptance by the TSX Venture Exchange.

Key Details

  • Debenture Amendment Terms:
    • Maturity Extension: Extended from March 14, 2026, to June 27, 2027.
    • Interest Rate Increase: Increased from 10.0% per annum to 12.5% per annum.
    • Instrument: $1,000 principal amount unsecured convertible debentures issued on March 14, 2023, and July 20, 2023.
  • Warrant Issuance (Consideration):
    • Issuer: Mimedia Holdings Inc.
    • Recipients: Each holder of the outstanding debentures.
    • Warrant Tranche 1: 769 subordinate voting share purchase warrants per debenture.
      • Exercise Price: $0.65 per share.
      • Exercisability: On or after June 27, 2026, until June 27, 2027.
    • Warrant Tranche 2: 500 subordinate voting share purchase warrants per debenture.
      • Exercise Price: $1.00 per share.
      • Exercisability: On or after June 27, 2026, until June 27, 2027.
    • Consideration: Issued for no additional consideration.
  • Outstanding Debt Details:
    • Total Debentures Outstanding: 3,195 debentures.
    • Aggregate Principal Amount: $3,195,000.
    • Trustee: Odyssey Trust Company.
  • Regulatory Status:
    • Completion is subject to final acceptance by the TSX Venture Exchange.
    • Documents to be filed under the company's profile on SEDAR+.
  • Context:
    • The amended terms will mirror, in all material respects, the terms of the $1,000 principal amount unsecured convertible debentures issued on June 27, 2025.
    • All previously issued subordinate voting share purchase warrants related to the original debenture issuance expired on March 14, 2025.
Read the original news release →

More from Mimedia Holdings Inc

Jun 09, 2026 · 07:31

Micro-cap cloud platform chasing OEM integrations to monetize mobile device storage and advertising.

M&A / Property Mar 18, 2026 · 17:38

Mimedia Holdings signs distribution agreement with ODM

M&A / Property Mar 18, 2026 · 07:46

MiMedia Announces Signed Global Distribution Agreement with Industry Leading Original Design Manufacturer ("ODM")

M&A / Property Mar 13, 2026 · 18:09

MiMedia Announces Amendments to Outstanding Convertible Debentures

Financings Mar 09, 2026 · 07:16

MiMedia Announces Closing of Non-Brokered Private Placement of $6,000,000

Financings Feb 25, 2026 · 17:54

Mimedia Holdings arranges $6-million private placement

Financings