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Digicann Ventures Announces Agreement to Extend Maturity Date for Convertible Debentures

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Executive Summary
- Digicann Ventures Ltd. amended its 10.00% Senior Unsecured Convertible Debentures, extending the maturity date by twelve months to March 12 2027.
- The company satisfied accrued interest due on March 12 2026 by issuing 1,000,000 common shares to debenture holders on a pro‑rata basis, increasing total outstanding shares to 24,055,294.
- Shares were issued under prospectus exemptions and are not subject to statutory hold periods or CSE hold‑period policies.
Key Details
- Amendment Terms: Maturity date of the 10.00% Senior Unsecured Convertible Debentures extended from March 12 2026 to March 12 2027.
- Interest Settlement: Aggregate accrued interest due on March 12 2026 satisfied by issuance of 1,000,000 common shares to debenture holders (pro‑rata allocation).
- Share Count Impact: Total common shares outstanding increased to 24,055,294 post‑issuance.
- Issuance Mechanics: Shares issued relying on available prospectus exemptions; no statutory hold period or CSE hold‑period policies apply.
- Prior Amendment Reference: On March 11 2025 the Company previously amended the same debentures to extend maturity from March 12 2025 to March 12 2026.
Notable Quotes
(No executive quotes were included in the release.)
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Jun 05, 2026 · 20:46