12:22 PM EST - Maritime Launch Services Inc. : Announced that the maturity date of its outstanding convertible debentures has been extended by one year to May 7, 2024. In connection with the Extension, accrued interest of $612,000, being all interest owing as of May 7, 2023, will be settled through the issuance of 4,149,151 common shares. Additionally and effective May 8, 2023, the interest rate on the Convertible Debentures will increase from 4.00% to 9.00% and will now be payable in semi-annually cash payments, with the first payment due December 31, 2023. Maritime Launch Services Inc.
shares O.MAXQF are trading unchanged at $0.16.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=MAXQF&qmodStoryID=5298244343412996
