TORONTO, Aug. 1, 2025 /CNW/ - On July 31, 2025, MTL Cannabis Corp. (CSE: MTLC) ("MTL Cannabis") voluntarily prepaid to Archerwill Investments Inc. ("Archerwill") all of the outstanding principal amount of the amended and restated 8.00% secured convertible debenture dated as of July 22, 2022, as amended by the amending agreement dated as of June 28, 2023, issued by MTL Cannabis to Archerwill in the principal amount of $6,500,000 due August 5, 2025 (the "Convertible Debenture"), plus all accrued and unpaid interest, in the aggregate amount of $8,316,830.21 (the "Voluntary Prepayment") and, in connection therewith, issued to Archerwill 14,466,568 warrants exercisable for 14,466,568 Common Shares at any time from time to time until August 5, 2027 at an exercise price of $0.5749, subject to adjustment from time to time (the "Prepayment Warrants").
Read more at newswire.caARCHERWILL INVESTMENTS INC. ANNOUNCES CHANGES TO HOLDINGS IN MTL CANNABIS CORP.
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.