What is the interest rate and maturity date for the debenture?

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Interest Rate and Maturity Date for the Convertible Debenture

The convertible debenture issued by Greenbriar Sustainable Living Inc. will bear interest at a rate of 12% per annum and will mature thirty-six (36) months from its issuance date. This financial instrument is a key component of the company's strategy to secure bridge financing before obtaining a USD $40 million construction facility.
Annual Interest Rate and Payment Schedule

The debenture carries a fixed annual interest rate of 12%. This interest will be calculated and paid on a quarterly basis, commencing from the date the debenture is issued. This structured payment schedule provides a predictable income stream for the debenture holders.
Thirty-Six Month Maturity Period

The debenture has a defined term of thirty-six (36) months, which is equivalent to three years, from the date of its issuance. This maturity date signifies the point at which the principal amount of the debenture is due to be repaid or converted according to its terms.
Bridge Financing for Construction Facility

The USD $3.0 million raised through this convertible debenture is intended to serve as interim financing. It bridges the period until Greenbriar Sustainable Living Inc. finalizes its planned USD $40 million construction facility, indicating a strategic move towards larger-scale project funding.
Conversion Rights and Warrant Issuance

Debenture holders possess the right to convert their outstanding principal amount into common shares of the company at a price of $1.25 per share, subject to adjustments. Additionally, as part of this financing arrangement, the debenture holder will receive 900,000 warrants, which can be converted into common shares at $1.30 per share, also with potential adjustments.

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What is the interest rate and maturity date for the debenture?

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