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MiMedia Holdings to Settle Debenture Interest with Shares

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MiMedia Holdings to Settle Debenture Interest with Shares

MiMedia Holdings Inc (TSE:MIM) has released an update.

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MiMedia Holdings Inc. has announced that it will settle its December 31st interest payment on its 10% Unsecured Convertible Debentures in Subordinate Voting Shares. This move, pending TSX Venture Exchange approval, will see approximately $310,000 in interest converted into shares, providing an innovative approach to fulfilling its financial obligations.

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

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