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Message: Financials/MD&A -SEDAR June 30/22

When it comes to Hepalink's Convertable Debenture, let's hope that HL will exercise its option to convert it in totality into common shares. (Due May 13, 2023)

"Hepalink may elect to convert the principal amount of the Debentures and accrued and unpaid interest thereon into common shares of the Company at a conversion price equal to the lesser of CAD$0.93 per share and the 5-day volume weighted average trading price of the common shares on the date of conversion. The Company granted Hepalink a security interest in all of its assets, including its patents and other intellectual property, as security for its obligations under the Debenture. In addition, Hepalink received 300,000 common share purchase warrants exercisable for a period of four years from the grant date at a price of CAD$0.93 per share."

 

Koo

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