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Nexco Resources Inc.: Nexco Announces Closing of 1st Tranche of Convertible Debenture Financing - Vimarsana News

Nexco Resources Inc.: Nexco Announces Closing of 1st Tranche of Convertible Debenture Financing

Nexco Resources Inc.: Nexco Announces Closing of 1st Tranche of Convertible Debenture Financing Nexco Resources Inc. ( Company" or " Nexco") is pleased to announce it has closed the first tranche of its non-brokered private placement of unsecured convertible debentures (each, a " Debenture") of the Company for total gross proceeds of $350,000 (the " Financing"), as previously announced on June 21, 2021. The Debentures will bear interest at 10% per annum, from the date of issuance (the " Closing"), payable upon the earlier of the Maturity Date (as defined below) or the date of any conversion t...