Impact: Neutral. Greenfields has announced it has entered into an agreement with Heaney Assets Corp. to settle all outstanding debt under its subordinated revolving loan agreement, dated June 27, 2014. Under the agreement, Greenfields will issue 11.5 mm shares to Heaney which fully satisfies all amounts outstanding under the original loan agreement, including principal in the amount of US$20.8 mm and accrued interest. Greenfields will also pay US$1 mm plus 0.5 mm shares to an agent for successfu ....
12 Apr 2016
ANNOUNCES SETTLEMENT OF SUBORDINATED REVOLVING LOAN
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ANNOUNCES SETTLEMENT OF SUBORDINATED REVOLVING LOAN
Impact: Neutral. Greenfields has announced it has entered into an agreement with Heaney Assets Corp. to settle all outstanding debt under its subordinated revolving loan agreement, dated June 27, 2014. Under the agreement, Greenfields will issue 11.5 mm shares to Heaney which fully satisfies all amounts outstanding under the original loan agreement, including principal in the amount of US$20.8 mm and accrued interest. Greenfields will also pay US$1 mm plus 0.5 mm shares to an agent for successfu ....