Saturday, July 12, 2025

Latest

Eve & Co Issues $550,000 Worth Of Convertible Debentures

Eve & Co (TSXV: EVE) has finally completed a financing that will enable it to keep the lights on for another quarter, with the company raising $550,000 via the issuance of convertible debentures. Debentures issued under the offering contain an interest rate of 10% per annum and consist of a two year term.

The financing will likely prove to be a drag on the equity, given that in the first year the debentures are convertable at a price of $0.06 per share. That figure rises to $0.10 in the second year. However, the prospects on a convert to equity were not enough to draw in investors, with the company being forced to issued 8.33 warrants for each $1.00 in debentures issued – equating to a significant warrant coverage being assigned to each debenture.

In total, 4.6 million warrants were issued in connection with the financing, with each warrant being valid for a period of two years following the date of issuance, while containing an exercise price of $0.06 per share.

The firms CEO Melinda Rombouts provided the lead order in the financing, placing $200,000 into the company herself.

Eve & Co last traded at $0.055 on the TSX Venture.


Information for this briefing was found via Sedar and Eve & Co Incorporated. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Eve & Co Sends First “Significant” Shipment Of Cannabis To Germany, Provides Little Color

Eve & Co Incorporated (TSXV: EVE) this morning announced that it has completed its first...

Tuesday, November 10, 2020, 08:37:22 AM

Eve & Co Accepts CFO Resignation

Eve & Co Incorporated (TSXV: EVE) has announced the resignation of the company’s Chief Financial...

Monday, March 30, 2020, 10:07:52 AM

Eve & Co Files For Creditor Protection

And another one bites the dust. The Canadian cannabis industry continues to see public firms...

Friday, March 25, 2022, 09:00:19 AM

Eve & Co Signs LOI For Use of Girls’ Night Out Brand for Cannabis Beverages

Eve & Co Incorporated (TSXV: EVE) announced this morning that it will be entering the...

Friday, November 22, 2019, 09:24:59 AM

Eve & Co Revenues Fall 50.3% To $0.6 Million In Third Quarter

Eve & Co Incorporated (TSXV: EVE) last night filed its third quarter 2020 financial results,...

Friday, November 27, 2020, 07:46:50 AM