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BRIEF-Zenabis Announces $25 Million In Additional Debt Financing

Published 2019-08-21, 12:57 p/m
© Reuters.  BRIEF-Zenabis Announces $25 Million In Additional Debt Financing
ZENA
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Aug 21 (Reuters) - Zenabis Global Inc ZENA.TO :

* ZENABIS ANNOUNCES $25 MILLION IN ADDITIONAL DEBT FINANCING AND EXTENSION AND PARTIAL CONVERSION OF SECURED CONVERTIBLE NOTES

* ZENABIS GLOBAL INC - SENIOR DEBT WILL HAVE A MATURITY DATE OF JUNE 30, 2020

* ZENABIS GLOBAL INC - NEXT PRIORITY IS REPLACEMENT OF SENIOR DEBT AND CONVERTIBLE NOTES WITH STANDARD BANK FINANCING

* ZENABIS GLOBAL - SIGNED DEFINITIVE DOCUMENTATION WITH RESPECT TO $25 MILLION IN NEW SENIOR SECURED DEBT FINANCING FROM R.C. MORRIS CAPITAL MANAGEMENT LTD

* ZENABIS GLOBAL - CONVERSION PRICE OF CONVERTIBLE NOTES HAS BEEN REDUCED TO $1.54635, INTEREST RATE OF CONVERTIBLE NOTES HAS BEEN INCREASED TO 11%

* ZENABIS GLOBAL INC - WILL HAVE A RIGHT TO PREPAY CONVERTIBLE NOTES AT ANY TIME ON OR AFTER OCTOBER 17, 2019

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