Investing News NetworkMay 24, 2024 (TheNewswire) Calgary, Alberta May 24, 2024 - TheNewswire .  Ocumetics Technology Corp. (' Ocumetics ' or the ' Corporation ') ( TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) announces that it has completed the first tranche of the private placement of debentures previously announced by the Corporation on May 15, 2024.

投资新闻网2024年5月24日（TheNewswire）阿尔伯塔省卡尔加里2024年5月24日-TheNewswire。Ocumetics Technology Corp.（“Ocumetics”或“Corporation”）（TSXV:OTC）（OTCQB:OTCFF）（FRA:2QBO）宣布，其已完成公司先前于2024年5月15日宣布的第一批债券私募。

The Corporation has issued secured convertible debentures having an aggregate face value principal amount of $3,000,000 (the ' Principal ').  The debentures were subject to an original issue discount of 6%, resulting in net proceeds to the Corporation of $2,820,000 (the ' Net Proceeds '), less expenses incurred by the lenders in respect of the offering.

公司已发行面值本金总额为3000000美元的有担保可转换债券（“本金”）。债券的原始发行折扣为6%，导致公司净收益为2820000美元（“净收益”），减去贷款人因发行而产生的费用。

The debentures bear interest at a rate of 18% per annum, compounded annually.  The Debentures will mature, and Principal and interest will be payable by the Corporation, on the date which is two years from the date of issue.  The Corporation may prepay the indebtedness under the debentures at any time upon ninety (90) days prior written notice, without penalty.

债券的年利率为18%，每年复利。债券将于发行之日起两年到期，公司将支付本金和利息。公司可在提前九十（90）天发出书面通知的情况下，随时提前偿还债券项下的债务，无需支付罚款。

Principal is convertible at the option of the holder into common shares of the Corporation at a conversion price of $0.32 per share.  Interest will be convertible into common shares of the Corporation pursuant to shares for debt applications, from time to time, at the option of the debenture holders.

本金可根据持有人的选择以每股0.32美元的转换价格转换为公司的普通股。根据债券持有人的选择，利息将根据债务申请股份不时转换为公司普通股。

The debentures are secured by a general security agreement on the personal property of the Corporation.  The debentures and the common shares issuable upon the conversion of the debentures are subject to a four month hold period. The total offering is for up to $4,000,000 of debentures.  The Corporation intends to close the rest of the offering in one or more subsequent tranches.

债券由公司个人财产的一般担保协议担保。债券转换后可发行的债券和普通股的持有期为四个月。总发行额高达400万美元的债券。该公司打算在一个或多个后续部分中完成剩余的发行。

100% of the Net Proceeds are expecte.

预计净收益的100%。