on Jericho Energy Ventures, Inc. (isin : CA4763392053)
Jericho Energy Announces Amendments to Convertible Debentures and Warrants
Jericho Energy Ventures Inc. (TSXV:JEV) has announced changes to its convertible debentures and share purchase warrants. The company has lowered the conversion price of outstanding debentures from CDN$0.70 to CDN$0.20 and extended the maturity date to January 7, 2026. Additionally, the exercise price of 6,839,920 warrants has been amended to CDN$0.25.
The changes follow conditional approval from the TSX Venture Exchange. Insider Participation in these amendments is exempt from certain valuation and shareholder approval requirements due to the fair market value not exceeding 25% of Jericho's market capitalization. Final approval from the TSXV is still pending.
R. H.
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