XTM Inc
Canadian Securities Exchange:PAIDView on OTC Pink - Current Information

  • LAST PRICE
    0.0950
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    0.0950/ 10
  • Ask / Lots
    0.1100/ 2
  • Open / Previous Close
    --- / 0.0950
  • Day Range
    ---
  • 52 Week Range
    0.0500
    0.2000
  • Volume
    ---

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  • Nov 14, 2024

  • Oct 24, 2024

      Show headlines and story abstract

    • 9:00AM ET on Thursday Oct 24, 2024 by Dow Jones
      Companies Mentioned: PAID

      XTM Announces Proposed Offering of Securities

      NOT FOR DISSEMINATION IN THE UNITED STATES
      TORONTO--(BUSINESS WIRE)--October 24, 2024--
      XTM INC. ("XTM" or the "Company") (CSE:PAID; FSE:7XT), is pleased to announce a non-brokered private placement offering of convertible debentures of the Company ("Debentures") at a price of C$1,100 per Debenture for aggregate gross proceeds of up to C$7,000,000 (the "Offering"). The Debentures will mature 24 months from the date of issue (the "Maturity Date"), carry an interest rate of 12% per year and will be convertible to units ("Debenture Units") at a conversion price of $0.11 per Unit. Each Debenture Unit shall consist of one common share of the Company and one additional common share purchase warrant exercisable until the Maturity Date for an additional common share a price of C$0.11 (each a "Warrant"). In the event the 5-day volume weighted average price of the common shares of the Company is C$0.50 or more on the Canadian Securities Exchange, the Company may accelerate the expiry date of the Warrants to the date that is 30 days from the date of an announcement of such acceleration.

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