Argex Titanium Convertible Debenture to Begin Trading on TSX

Argex Titanium (TSX:RGX) has been granted an application by the Toronto Stock Exchange to list $7,500,000 aggregate principal amount of 8% unsecured convertible debentures. The listing will be under the symbol RGX.DB, and will be effective Friday October 31.

As quoted in the press release:

The Debenture were issued pursuant to a private placement which closed on June 30, 2014 under a trust indenture entered into on June 30, 2014 (the “Indenture”) between the Corporation and CST Trust Company. The Indenture provides for appropriate adjustments to be made to the conversion privilege under the Debentures and other rights of the holders of Debentures in the event of share dividends, subdivisions, consolidations or other forms of capital reorganization involving Argex Titanium.

Argex president and CEO, Roy Bonnell, said:

The successful closing of the debenture financing in June and the listing of these debentures on the Toronto Stock Exchange solidifies our balance sheet and reflects the high level of interest from the institutional investment community. We look forward to advancing our groundbreaking technology toward initial commercial production.

Click here to read the Argex Titanium (TSX:RGX) press release