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Back to Home » January 2018 News » LOGiQ Asset Management Inc. Announces Results of Retraction of 7.00% Senior Unsecured Convertible Debentures |
LOGiQ Asset Management Inc. Announces Results of Retraction of 7.00% Senior Unsecured Convertible Debentures |
January 12, 2018
TORONTO, ONTARIO--(Marketwired - Jan. 12, 2018) - LOGiQ Asset Management Inc. ("LOGiQ", or the "Company") (TSX:LGQ) today announced that $13,698,000 of LOGiQ's 7.00% senior unsecured convertible debentures due June 30, 2021 (the "Debentures") were tendered for retraction pursuant to the retraction right granted to holders of Debentures (the "Debentureholders") in connection with the sale by the Company to Purpose Investments Inc. of the asset management agreements and related assets relating to substantially all of the retail investment funds that were managed by the Company's registered subsidiaries on December 15, 2017 (the "Transaction").
Source URL: http://www.marketwired.com/mw/release.do?id=2244472&sourceType=3
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