BacTech Environmental Corporation (CNSX:BAC) announced today that REBgold Corporation (“REBgold”) (TSX VENTURE:RBG) has extended the expiry date of $410,000 principal amount of REBgold’s current outstanding 18% unsecured convertible debentures (the “Debentures”) and 4,100,000 of the common share purchase warrants (the “Warrants”) originally issued by REBgold in October 2010.
As quoted in the press release:
A total of $430,000 principal amount of Debentures and 4,300,000 Warrants were originally issued by REBgold in October 2010. The original maturity date of the Debentures, and the expiry date of the Warrants, was October 13, 2011. Each holder of Debentures and Warrants was offered the choice to either (i) extend the maturity date of the Debentures held by that holder to April 13, 2012, in which case the expiry date of the Warrants held by that holder would also be extended to April 13, 2012, or (ii) accept payment in full of the Debentures on the original maturity date of October 13, 2011, in which case the Warrants held by that holder would also expire on the original expiry date of October 13, 2011.
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