Orbite Announced Completion of C$25 Million Convertible Debenture Offering

 Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced that it has completed the private placement of convertible debentures in the aggregate principal amount of C$25,000,000.

As quoted in the press release:

The Convertible Debentures bear interest at a rate of 8% per annum, calculated from their date of issue, to be paid quarterly in arrears, and have a maturity date of December 13, 2017.

Orbite Aluminae Inc. President and CEO, Richard Boudreault said:

This financing enables Orbite to monetize the refundable investment tax credits which would otherwise remain idle on the Company’s balance sheet and puts that capital to work immediately, adding to the capital already on hand.

Click here to read the Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) press release

See this press release on Marketwire
Click here to see the Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) profile

Get the Latest Rare Earth Investing Stock Information

Get the latest information about companies associated with Rare Earth Investing delivered directly to your inbox.

Rare Earth

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


There is no guide to critical metals investing that is more concise, clear and authoritative.

 Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.

Leave a Reply