NU E Power Corp. Announces Conversion of Promissory Notes into Convertible Debentures
Nu E Power Corp. (OTC:NUEPF) has announced the conversion of existing promissory notes into unsecured convertible debentures. The conversion, including accrued interest, totals $403,153.37. The debentures will mature on June 23, 2026, bearing a 6.0% annual interest rate payable at maturity.
Debenture holders can convert the principal amount into common shares at CAD$0.15 per share, potentially resulting in up to 2,687,690 common shares. The debentures and underlying shares are subject to a four-month plus one-day statutory hold period.
Nu E Power Corp. (OTC:NUEPF) ha annunciato la conversione di cambiali esistenti in obbligazioni convertibili non garantite. La conversione, inclusi gli interessi maturati, ammonta a 403.153,37 $. Le obbligazioni scadranno il 23 giugno 2026 e prevedono un tasso di interesse annuo del 6,0% pagabile alla scadenza.
I detentori delle obbligazioni possono convertire l'importo principale in azioni ordinarie al prezzo di 0,15 CAD per azione, con la possibilità di ottenere fino a 2.687.690 azioni ordinarie. Le obbligazioni e le azioni sottostanti sono soggette a un periodo di blocco statutario di quattro mesi più un giorno.
Nu E Power Corp. (OTC:NUEPF) ha anunciado la conversión de pagarés existentes en bonos convertibles no garantizados. La conversión, incluidos los intereses acumulados, asciende a 403,153.37 $. Los bonos vencerán el 23 de junio de 2026 y devengarán un interés anual del 6,0% pagadero al vencimiento.
Los tenedores de bonos pueden convertir el monto principal en acciones comunes a 0.15 CAD por acción, lo que podría resultar en hasta 2,687,690 acciones comunes. Los bonos y las acciones subyacentes están sujetos a un período de retención legal de cuatro meses más un día.
Nu E Power Corp. (OTC:NUEPF)는 기존 약속어음을 무담보 전환사채로 전환한다고 발표했습니다. 이 전환 금액은 미지급 이자를 포함하여 403,153.37달러에 달합니다. 전환사채는 2026년 6월 23일에 만기가 도래하며, 만기 시 지급되는 연 6.0%의 이자를 지급합니다.
사채 보유자는 원금 금액을 주당 CAD$0.15에 보통주로 전환할 수 있으며, 최대 2,687,690주의 보통주가 발행될 수 있습니다. 전환사채와 기초 주식은 4개월 플러스 1일의 법정 보호 기간이 적용됩니다.
Nu E Power Corp. (OTC:NUEPF) a annoncé la conversion de billets à ordre existants en débentures convertibles non garanties. La conversion, intérêts courus inclus, s'élève à 403 153,37 $. Les débentures arriveront à échéance le 23 juin 2026 avec un taux d'intérêt annuel de 6,0 % payable à l'échéance.
Les détenteurs de débentures peuvent convertir le montant principal en actions ordinaires au prix de 0,15 CAD par action, ce qui pourrait représenter jusqu'à 2 687 690 actions ordinaires. Les débentures et les actions sous-jacentes sont soumises à une période de blocage légale de quatre mois plus un jour.
Nu E Power Corp. (OTC:NUEPF) hat die Umwandlung bestehender Schuldscheine in unbesicherte wandelbare Schuldverschreibungen angekündigt. Die Umwandlung, einschließlich aufgelaufener Zinsen, beläuft sich auf 403.153,37 $. Die Schuldverschreibungen laufen am 23. Juni 2026 ab und tragen einen jährlichen Zinssatz von 6,0%, der bei Fälligkeit zahlbar ist.
Inhaber der Schuldverschreibungen können den Kapitalbetrag zu CAD$0,15 pro Aktie in Stammaktien umwandeln, was zu bis zu 2.687.690 Stammaktien führen kann. Die Schuldverschreibungen und die zugrunde liegenden Aktien unterliegen einer gesetzlichen Haltefrist von vier Monaten plus einem Tag.
- Successful conversion of debt instruments demonstrates creditor confidence
- Extended maturity date to June 2026 provides improved debt timeline
- 6.0% interest rate is relatively moderate in current market conditions
- Potential dilution of up to 2,687,690 common shares if fully converted
- Additional interest payment obligations of 6.0% annually on $403,153.37
Calgary, Alberta--(Newsfile Corp. - June 26, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that it has closed a conversion of existing promissory notes, together with accrued interest, totalling
The Debentures will mature on June 23, 2026 (the "Maturity Date") and each Debenture will bear simple interest at
Holders of the Debentures will be entitled to convert the principal amount of the Debentures at any time on or prior to the Maturity Date into common shares of the Company ("Common Shares") at a conversion price of CAD
The Debentures (including the underlying Common Shares) are subject to a statutory hold period of four months plus one day following the closing date of the Offering.
About Nu E Power Corp.
Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.
Contact Information
For more information, please contact:
Investor Relations
E-mail: info@nu-ecorp.com
John Newman, Chief Financial Officer
E-mail: john@nu-ecorp.com
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256883
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