MiMedia Holdings Inc. Announces Subordinate Voting Shares Issued to Settle December 31st Interest Payment on Convertible Debentures
MiMedia Holdings (TSXV: MIM) (OTCQB: MIMDF) has issued 1,240,000 subordinate voting shares to settle the interest payment due December 31, 2024, on its 10% Unsecured Convertible Debentures. The Interest Payment Shares were issued at a Market Price of $0.25 per share.
The Debentures were issued under a Convertible Debenture Indenture between MiMedia and Odyssey Trust Company dated March 14, 2023, with a supplemental agreement dated July 20, 2023. The share issuance is pending final approval from the TSX Venture Exchange.
MiMedia Holdings (TSXV: MIM) (OTCQB: MIMDF) ha emesso 1.240.000 azioni di voto subordinate per saldare il pagamento degli interessi in scadenza il 31 dicembre 2024, sui suoi Obbligazioni Convertibili Non Garantite al 10%. Le Azioni di Pagamento degli Interessi sono state emesse a un Prezzo di Mercato di $0,25 per azione.
Le Obbligazioni sono state emesse nell'ambito di un Indentura di Obbligazioni Convertibili tra MiMedia e Odyssey Trust Company datata 14 marzo 2023, con un accordo supplementare datato 20 luglio 2023. L'emissione delle azioni è soggetta all'approvazione finale della TSX Venture Exchange.
MiMedia Holdings (TSXV: MIM) (OTCQB: MIMDF) ha emitido 1.240.000 acciones con derecho a voto subordinadas para liquidar el pago de intereses que vence el 31 de diciembre de 2024, sobre sus Bonos Convertibles No Garantizados al 10%. Las Acciones de Pago de Intereses fueron emitidas a un Precio de Mercado de $0,25 por acción.
Los Bonos fueron emitidos bajo un Contrato de Bonos Convertibles entre MiMedia y Odyssey Trust Company fechado el 14 de marzo de 2023, con un acuerdo suplementario fechado el 20 de julio de 2023. La emisión de acciones está pendiente de la aprobación final de la TSX Venture Exchange.
미미디어 홀딩스 (TSXV: MIM) (OTCQB: MIMDF)는 1,240,000주 의결권이 있는 하위 주식을 발행하여 2024년 12월 31일 만기인 10% 무담보 전환 채권에 대한 이자 지급을 정산했습니다. 이자 지급 주식은 주당 $0.25의 시장 가격으로 발행되었습니다.
이 채권은 미미디어와 오디세이 트러스트 컴퍼니 간의 전환 채권 약정에 따라 2023년 3월 14일에 발행되었으며, 2023년 7월 20일에 보충 계약이 체결되었습니다. 주식 발행은 TSX 벤처 거래소의 최종 승인을 기다리고 있습니다.
MiMedia Holdings (TSXV: MIM) (OTCQB: MIMDF) a émis 1.240.000 actions de vote subordonné pour régler le paiement des intérêts dû le 31 décembre 2024, sur ses Obligations Convertibles Non Sécure à 10%. Les Actions de Paiement des Intérêts ont été émises à un Prix de Marché de $0,25 par action.
Les Obligations ont été émises sous un contrat d'Obligations Convertibles entre MiMedia et Odyssey Trust Company daté du 14 mars 2023, avec un accord complémentaire daté du 20 juillet 2023. L'émission des actions est en attente de l'approbation finale de la TSX Venture Exchange.
MiMedia Holdings (TSXV: MIM) (OTCQB: MIMDF) hat 1.240.000 nachrangige stimmberechtigte Aktien ausgegeben, um die Zinszahlung zu begleichen, die am 31. Dezember 2024 fällig ist, für seine 10% unbesicherten wandelbaren Anleihen. Die Zinszahlung-Aktien wurden zu einem Marktpreis von $0,25 pro Aktie ausgegeben.
Die Anleihen wurden im Rahmen eines Wandelanleihe-Indentures zwischen MiMedia und der Odyssey Trust Company vom 14. März 2023 ausgegeben, mit einer Zusatzvereinbarung vom 20. Juli 2023. Die Aktienausgabe steht unter Vorbehalt der endgültigen Genehmigung durch die TSX Venture Exchange.
- Interest payment obligation fulfilled through share issuance, preserving cash
- Shareholder dilution due to issuance of 1,240,000 new shares
- Continued debt obligations with 10% interest rate
New York, New York--(Newsfile Corp. - January 6, 2025) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia" or the "Company") announced today that, further to its press release of December 20, 2024, it has issued 1,240,000 subordinate voting shares of the Company (the "Interest Payment Shares") to settle the interest owing as of December 31, 2024 to holders of its outstanding
The Debentures were issued pursuant to the Convertible Debenture Indenture between the Company and Odyssey Trust Company dated March 14, 2023, as supplemented by a supplemental convertible debenture indenture dated July 20, 2023. The issuance of the Interest Payment Shares remains subject to the final approval of the TSX Venture Exchange.
About MiMedia
MiMedia Holdings Inc. provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement.
MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.
For further information:
Chris Giordano, Chief Executive Officer, +1 888 502 9398 / Jack MacPhail B.A., B.S. (Fin.), MiMedia Investor Relations, investors@mimedia.com, C: +34 677 38 5251.
NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236239
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