Electric Royalties Announces Interest Conversion Under Convertible Credit Facility
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Electric Royalties Ltd. announced that Gleason & Sons LLC has converted C$428,540.40 of accrued interest into 3,174,373 common shares under a convertible credit facility agreement.
February 21, 2025 | 7:00 pm
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Gleason & Sons LLC converted C$428,540.40 of accrued interest into 3,174,373 common shares of Electric Royalties Ltd. This conversion under the credit facility agreement may impact the stock's liquidity and share price.
The conversion of interest into shares increases the number of shares outstanding, which could affect the stock's liquidity and potentially its price. However, the impact on the stock price is uncertain as it depends on market perception and trading volume.
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