Abaxx Announces C$20,000,000 Convertible Debenture Offering
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Abaxx Technologies Inc. announced a C$20,000,000 convertible debenture offering to raise funds through a non-brokered private placement. The debentures are due 36 months from issuance.
March 18, 2025 | 11:30 am
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Abaxx Technologies Inc. is raising C$20M through a convertible debenture offering, which could provide the company with additional capital for growth and operations.
The offering of convertible debentures suggests Abaxx is seeking to raise capital, which could be used for expansion or operational needs. This is generally positive as it indicates growth potential and financial strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90