the written acknowledgment of a debt by a company, usually given under its seal, and normally containing provisions as to payment of interest and principal. A debenture may be secured on some or all of the assets of the company or its subsidiaries.
Wiktionary Definition for: Debenture
A certificate that acknowledges a debt
An unsecured certificate of debt backed only by the credit of the borrower.
SANTA CLARA, Calif.--BUSINESS WIRE--Dec. 23, 1997--InnovaCom, Inc. (OTC BB:MPEG) announced today that it has completed a $5 million, 7% convertible debenture pursuant to Regulation D of the Securities Act of 1933. The debenture was issued to a single institutional investor. Included in the terms of the issue,...
Mar 15, 2002 The Asian Wall Street Journal ABIX via COMTEX -- Advanced Info Service is preparing a debenture issue for institutional investors. The Thai-based mobile telephone operator's shareholders agreed to as much as a Bht20bn debenture issue at a meeting on 8 March...
ROUYN-NORANDA, Quebec--BUSINESS WIRE--July 31, 1996--Radisson Mining Resources Inc. has just completed a $225,000 debenture financing through the "Fonds de solidarite des travailleurs du Qu bec" FTQ.The debenture is convertible into class A shares at $0.55 within five years and carries an annual interest of 14 percent payable twice per...
RICHMOND, B.C.--BUSINESS WIRE--Sept. 3, 1997--UniComm Signal Inc. (OTC/BB:UCSI) (VcSE:USI) has arranged a private placement of a $380,000 convertible debenture. The debenture carries an interest rate of 10 percent per annum and a term of three years. The debenture will be convertible into units at a price...
VANCOUVER, British Columbia--BUSINESS WIRE--Oct. 2, 1995-- Southwestern Gold Corp. (TSE:SAO) San Andreas Resources Corporation announces that it has exercised its right to convert the $750,000 convertible debenture due June 22, 1996, held by Nanisivik Mines Ltd., into 600,000 shares of the Company.Under the terms of the debenture, as amended by...
VANCOUVER, BC--BUSINESS WIRE--Oct. 2, 1995--SAN ANDREAS RESOURCES (TSE:SAO) San Andreas Resources Corporation announces that it has exercised its right to convert the $750,000 convertible debenture due June 22, 1996, held by Nanisivik Mines Ltd., into 600,000 shares of the Company.Under the terms of the debenture, as amended by agreement dated...
CALGARY, ALBERTA--BUSINESS WIRE--APRIL 3, 1995--ABACAN RESOURCE CORPOR (Alberta Stock Exchange: ABC ) Abacan announces that it intends to accept an additional subscription for $1,250,000 (U.S.) ($1,750,000 CDN) pursuant to the issuance by Abacan of an additional Debenture/Royalty. The repayment and conversion terms of the Debenture/Royalty are substantially the...
DENVER--BUSINESS WIRE--Dec. 21, 1995--Packaging Research Corporation PRC (NASDAQ:PRCA) today announced it has completed a $3.2 million convertible debenture.The placement was with a fund managed by Renaissance Capital Group, Inc. of Dallas, Texas. Renaissance has acted as investment advisor for a number of successful funds since 1973.The seven-year debenture carries...
NEWPORT BEACH, Calif.--BUSINESS WIRE--June 11, 1998--Newriders Inc. (Nasdaq: NWRD) Thursday announced that it has received a $1.0 million cash investment from Wayne L. Knyal, a director of the company. Knyal purchased a $1 million convertible debenture under terms and conditions similar to other offers the company...
SAN ANTONIO--BUSINESS WIRE--Sept. 18, 1996--The Exploration Company announced Wednesday that several debenture holders had converted a total of $433,484 of the company's long-term debt to equity.The debenture holders will receive 173,394 shares under the terms of the promissory notes. The outstanding debenture held by W.A. Oil & Gas Loan...
Business Editors, Health/Medical Writers ALAMEDA, Calif.--BUSINESS WIRE--Jan. 22, 2001 Calypte Biomedical Corporation (NASDAQ: CALY) announced today that it has signed an agreement to place up to $1.1 million in convertible short-term debentures. Calypte expects to issue the first debenture as soon as practicable and may issue the...
TORONTO, ONTARIO--BUSINESS WIRE--Feb. 3, 1995-- United Reef Limited (URP-TSE) said today that it has entered into a Heads of Agreement to issue, subject to regulatory approval, a convertible debenture to Trans Hex Group Limited ("Trans Hex") for up to C$4 million. The debenture is convertible at...
FAIRFIELD, Conn.--BUSINESS WIRE--April 7, 1998--Linkon Corporation (OTC:BB:LKON) today announced that it had retired a one million dollar senior secured convertible debenture held by IBJ Schroeder Capital Corporation. The debenture carried an interest rate of 14% and was convertible into 613,497 shares of common stock and had attached warrants to...
SPOKANE, Wash.--BUSINESS WIRE--Feb. 29, 1996--Golden Queen Mining Co. Ltd. today announced that its wholly owned subsidiary, Golden Queen Mining Company, Inc., intends to issue by way of private placement a debenture in the principal amount of US$1,000,000.The debenture will have a two year term, bear interest at the rate of...
CALGARY, Alberta--BUSINESS WIRE--Dec. 19, 1997--Thermal Control Technologies Corp. (ASE:TCT)(OTC BB:TCTCF) is pleased to announce it has completed the closing of its previously announced prospectus offering of 8 percent redeemable unsecured convertible debentures ("Debentures") at a price of $1,000 per Debenture raising net proceeds of $7,000,000 on the sale of 7,000...
Business Editors NEW YORK--BUSINESS WIRE--July 18, 2002 Ameritrans Capital Corporation (NASDAQ:AMTC) today announced that its wholly-owned subsidiary, Elk Associates Funding Corporation, a licensed small business investment company, sold $2,050,000 principal amount of debentures to the United States Small Business Administration. The new 10-year debenture sold to the SBA...
OAKVILLE, Ontario--BUSINESS WIRE--June 19, 1998--Caledonia Mining Corporation of Toronto (ToSE:CAL) (Nasdaq:CALVF) has paid the interest on its 4% Convertible Debentures in shares. A total of 918,081 shares have been issued to debenture holders at a price of Cdn $0.44377 per share. Under the terms of the debenture, Caledonia is obligated...
WASHINGTON--BUSINESS WIRE--July 11, 1997--Fannie Mae announced that it will redeem all outstanding amounts of two Medium-Term Note issues totaling $150 million and one Debenture issue totaling $500 million. The following Medium-Term Note and Debenture issues will be redeemed on the respective redemption dates indicated below at a...
VANCOUVER, British Columbia--BUSINESS WIRE--May 9, 1995-- Waterfront Capital (Alberta Stock Exchange: WCC) Corporation wishes to report the issuance of a further $100,000 Floating Charge Convertible First Supplemental Debenture, dated May 05, 1995 to Columbia Yukon Resources Ltd. ("Columbia").The total principal amount owing pursuant to the Debenture, as supplemented, is $200,000.00...
OTTAWA, ONTARIO--BUSINESS WIRE--DECEMBER 22, 1994-- DEDICATED TECHNOLOGIES (CANADIAN DEALING NETWORK:DTEC ) Dedicated Technologies Corporation today announced an offering of Convertible Debentures scheduled to close in January 1995. The Corporation seeks to issue up to five (5) Units at $150,000 per Unit for gross proceeds of up to $750,000. Each Unit...
