DNI Metals arranges $3-million debenture financing
DNI ANNOUNCES A C$3,000,000 BROKERED CONVERTIBLE DEBENTURE PRIVATE PLACEMENT DNI Metals Inc.’s board of directors has approved a private placement allowing the company to complete a brokered private placement, led by D&D Securities Inc., of up to $3-million in convertible debentures. The terms for the placement are as follows: Each debenture is defined as a principal amount of $1,000; Five-year term 12-per-cent coupon per annum; Convertible at 15 cents into common...
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