TSXV's Bioasis Technologies Issues Common Shares to Pay for Interest on 15% Debentures; Fell 13.2% on Monday
08:03 AM EST, 01/07/2020 (MT Newswires) -- Biopharmaceutical company Bioasis Technologies (BTI.V) said Tuesday that it has issued 65,403 common shares to pay for the interest on its 5% unsecured debentures issued Nov. 8, 2019.
The interest on the debentures totals $16,352.28, the company said. The Company chose to settle the interest through the issuance of common shares in order to preserve the amount of cash available to fund ongoing operations while it continues to pursue additional financing opportunities, including potential partnerships.
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