Birchtree Investments proposes $200,000 convertible debt offering

financialpost.com

Birchtree Investments Ltd. has announced a proposed offering of $200,000 in convertible debt through a subordinated unsecured debenture. This loan will have a six-month term and an interest rate of 1.0% per month. The debenture can be converted into common shares at market price, pending approval if the price is below $0.05. The securities will be subject to a four-month hold period after closing. Birchtree plans to use the proceeds for new investments, working capital, and general corporate purposes.


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