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P2 Gold (TSXV:PGLD:CA) on Wednesday mentioned that beneath the phrases of the convertible debentures issued on March 4, 2024, and March 14, 2024, it has elected to fulfill its obligation to pay $39,747.94 in curiosity accrued on the $1.665M convertible debentures. The corporate added that the funds could be made issuing them to debenture holders for the curiosity fee due June 30, 2024, an mixture of 467,605 widespread shares of the corporate. The corporate can pay to every such debenture holder roughly 280.84 widespread shares per $1,000 principal quantity of convertible debentures held as on the relevant curiosity fee file date. Press launch.
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