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PesoRama Announces Upsize of Senior Unsecured Convertible Debenture Offering of up to C$21 Million

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PesoRama (PESO.V) on Thursday said it is upsizing a marketed public offering of senior unsecured convertible debentures due to strong investor demand.

The Canadian company, which operates dollar stores in Mexico under the JOi Dollar Plus brand, said it now plans to offer 21,000 convertible debentures for gross proceeds of up to C$21 million, compared to it prior C$16 million target.

Proceeds of the Offering will be used to repay outstanding senior debt.

Shares of the company at last look were up $0.05 at $0.70 in Toronto on Thursday.

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