http://www.mineweb.com”>Today, Canada’s Petaquilla Minerals Ltd said it has negotiated a private placement offering of convertible senior secured notes of up to $40 million via private placement memorandum (PPM).
Each note in the principal amount of $1,000 is convertible into common shares at C$2.25 per share, the company said in a statement.
The notes, which will mature in two years, will bear interest at an annual rate of 15 percent.
In connection with the private placement offering, the company also agreed to reduce the exercise price of its 23.84 million warrants to 65 Canadian cents per share from C$2.30 per share.
PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.
Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, New York’s private placement leaders.
PPM.co’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.