$PESO.V

3 stories mentioning PESO.VUpdated 2m ago

Every FINWIRES story that references PESO.V, newest first.

PesoRama Raises $21 Million in Debenture Offering

PesoRama (PESO.V) has raised $21 million in its offering of 21,000 convertible debentures, the company said on Thursday.The debentures, with a fixed rate of 9.0% per annum, are senior unsecured obligations of PesoRama and will mature June 18, 2029. Each debenture, with a principal value of $1,000, is convertible into common shares at $0.91 apiece.Proceeds will be used to pay down debt, PesoRama added.PesoRama shares were last seen unchanged at $0.61 on the TSX Venture Exchange.

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Mining & Metals27d ago

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

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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Treasury34d ago

PesoRama to Raise up to $16.0 Million in a Convertible-Debenture Offering

PesoRama (PESO.V) intends to raise up to $16.0 million through a convertible-debenture offering, with proceeds used to repay existing debt, the company said on Friday.PesoRama which operates dollar stores in Mexico, will offer up to 16,000 senior unsecured convertible debentures. The agents have been granted an over-allotment option of up to 2,400 additional debentures, which, if fully exercised, will raise total proceeds to $18.4 million.The offering is expected to close on June 1. The debentures, priced at $1,000, will mature 36 months after closing, and bear interest at a fixed rate of 9.0% per year and can be converted into shares priced at $0.91, a statement said.PesoRama shares were last seen down $0.03 to $0.67 on the TSX Venture Exchange.Price: $0.68, Change: $-0.02, Percent Change: -2.86%

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