The Company intends to issue a total of 75,915 common shares of the Company (the “Common Shares”) at a deemed price per share of $ 1.64 in payment of $ 124,500 in interest payable under the convertible debentures of 12% (the “Debentures”), held by the Caisse de depAt et placement du Quebec, the Fonds de solidarite FTQ, and the Fonds de solidarite FTQ CAte-Nord. The debentures are due on June 11, 2019. Under the terms of the debentures, the Company has the option to pay 50% of the semi-annual interest due on the debentures in common shares. The remaining interest of $ 124,500 was paid in cash. The issuance of Common Shares in payment of interest on the Debentures is subject to,
About Mason Graphite and the Lac Gueret Project
Mason Graphite is a Canadian mining company dedicated to the development of the Lac Gueret natural graphite deposit, of which it holds 100% of the rights. The Company is led by an experienced team with over 5 decades of experience in graphite, including production, sales, and research and development.
Source: Mason Graphite Inc.