Jericho Energy Ventures (TSE:JEV) has released an update.
Jericho Energy Ventures has announced amendments to its financial instruments, including a reduction in the conversion price of its outstanding convertible debentures from CDN$0.70 to CDN$0.20, an extension of their maturity date to January 7, 2026, and a decrease in the exercise price of a majority of its share purchase warrants to CDN$0.25. These changes are pending final approval by the TSX Venture Exchange and are part of the company’s strategic adjustments as it continues to focus on both traditional hydrocarbon assets and innovative low-carbon energy technologies.
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