NetworkNewsBreaks – Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 7IP) Closes $35M Private Placement of Debenture Units
Innovative Properties Inc., dba Nabis Holdings, (CSE: NAB) (OTC: INNPF) (FRA: 7IP) recently announced the completion of a private placement offering of debenture units of Nabis at the issue price of C$1,000 each for gross proceeds of $35,088,000, which includes the partial exercise of the Agents’ option. Each debenture unit consists of 1,111 common share purchase warrants and C$1,000 principal amount of unsecured convertible debentures that will mature on March 26, 2022 and will bear interest at 8.0% per annum, payable on the last day of each calendar quarter. Each warrant is exercisable to acquire one common share of Nabis…







