Petrox Resources宣布可转换债券发行，计划10：1股票合并

2025-10-07 04:58

Petrox Resources (TSXV:PTC:CA) plans a non-brokered private placement of convertible debentures totaling $250,000 to $350,000.
The debentures are interest-free, mature in one year, and are prepayable with 30 days’ notice and no penalty.
Petrox intends to carry out a share consolidation of up to 10:1, with the final ratio at the discretion of the board.
If the minimum $250,000 is raised and the 10:1 consolidation proceeds, debentures will automatically convert at $0.05/share, issuing 5–7 million common shares.
If the 10:1 consolidation is not completed, the debentures will not convert and will instead be repaid in cash at or before maturity.
Both the offering and consolidation are conditionally approved by the TSX and remain subject to final approval.
Converted shares will be subject to a four-month hold period.
Source: Press release

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