tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

KWG Closes Second Tranche of Convertible Debentures

Story Highlights
KWG Closes Second Tranche of Convertible Debentures

KWG Resources (TSE:CACR) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

KWG Resources Inc., also known as The Canadian Chrome Company, has successfully closed the second tranche of its private placement, totaling $1,012,000 in convertible debentures, and cumulatively reaching $2,500,150. The company offered a 20% premium through unit issuance and plans to use the proceeds to fund its chrome acquisition and development projects. The debentures, bearing 5% annual interest, are repayable or convertible into multiple-voting shares before the maturity date of March 31, 2028.

For further insights into TSE:CACR stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1