ConvertibleExpired
11% Convertible Notes due 2027
LEEF-Sep27
0.22 CAD▼ 2.22%
BTC Holdings
5.44 BTC
Total Debt
C$17.82M
Leverage
2297.8%
mNAV
103.52x
Outstanding
$0.00
Issue date
2022-09-09
Principal
$11.18M
Coupon
11.00%
Maturity
2027-09-09
Conversion price
—
- Original conversion price C$0.10/share (pre-10:1 consolidation Oct 2024); C$1.00 post-consolidation
- Includes C$1.3M CAD tranche with same terms (fully converted Dec 2025 at C$0.25/unit)
- ~US$3.95M converted to equity May 2024; remainder extended from Sep 2024 to Sep 2027
- All remaining ~US$10.5M (incl interest) converted Dec 2025 at amended C$0.25/unit
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured
- Settlement
- Shares
- Rate type
- Fixed
- Use of proceeds
- Recapitalization of 2019 debentures; working capital and general corporate purposes
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-05 | Conversion | $0.00 ~US$10.5M (incl accrued interest) converted at amended C$0.25/unit |
| 2024-05-06 | Conversion | $8.00M ~US$3.95M + accrued interest settled for equity at C$0.029/unit; maturity extended to Sep 2027 |
| 2022-09-09 | Issuance | $11.18M US$11.18M recapitalization of 2019 debentures plus C$1.3M additional |
- 2025-12-05 — $0
- 2024-05-06 — $7,995,000
- 2022-09-09 — $11,180,000