Brief: Lifespeak Inc. Enters Into $15 Million Convertible Loan With Beedie Capital
31/03/2023 12:11
March 31 (Reuters) - LifeSpeak Inc LSPK.TO :
* LIFESPEAK INC. ENTERS INTO $15 MILLION CONVERTIBLE LOAN
WITH
BEEDIE CAPITAL
* LIFESPEAK INC - PROCEEDS OF ADVANCE WILL BE USED TO PAY
DOWN
INDEBTEDNESS UNDER SENIOR LENDING ARRANGEMENTS
* LIFESPEAK - WHILE LOAN OUTSTANDING OR BEEDIE CAPITAL HOLDS
5% OR
MORE OF CO'S SHARES, BEEDIE CAN HAVE OBSERVER ATTEND CO'S BOARD,
SOME MEETINGS
* LIFESPEAK - SHOULD BEEDIE CAPITAL HOLD AT LEAST 10% OF
CO'S
SHARES, IT WILL HAVE OPTION TO NOMINATE REPRESENTATIVE TO BOARD
Source text for Eikon: ID:nCNW5nHNSa
Further company coverage: LSPK.TO
((Reuters.Briefs@thomsonreuters.com;))
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