Stickit Technologies Inc announced a private placement with new investor Ripco Processing Inc to issue an unsecured convertible debenture at an issue price of $10,000 for the gross proceeds of $10,000 on May 21, 2024. The $10,000 unsecured convertible debenture, which matures on April 18, 2025, carries a 5% interest rate per annum and is payable at the end of the term. The convertible debenture can be automatically converted into Common Shares at a conversion price of $0.35 per Common Share at the election of the debenture holder.
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- Stickit Technologies Inc announced that it expects to receive $0.01 million in funding from Ripco Processing Inc.