VSBLTY Launches Convertible Debentures Placement

Vsblty Groupe Technologies Corp (TSE:VSBY) has released an update.

VSBLTY Groupe Technologies Corp. has announced a non-brokered private placement of convertible debentures aiming to raise up to C$2.4 million. The debentures will have an 18% annual interest rate, payable semi-annually, with a 24-month maturity from the issuance date. Investors will have the option to convert their debentures into company units, which include a common share and a purchase warrant, before the maturity date.

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