on Volatus Aerospace Corp. (isin : CA92865G1054)
Volatus Aerospace Corp. to Amend Convertible Debentures
Volatus Aerospace Corp. (TSXV: VOL, OCTQB: VLTTF) has announced its intention to amend its senior unsecured convertible debentures. The company has submitted an application to the TSX Venture Exchange for acceptance of this amendment.
The company's issued and outstanding convertible debentures currently bear an interest rate of 12.0% per annum. An additional one-time premium payment equal to 1% of the outstanding principal will be made to holders on September 30, 2024. This payment applies to those holding debentures as of May 31, 2024.
The change includes postponing the interest payment due on June 30, 2024, until September 30, 2024. A first supplemental indenture will be entered into with the TSX Trust Company to effectuate these changes, pending final acceptance by the TSX Venture Exchange and the approval of at least 66⅔% of debentureholders.
R. P.
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