Peterson McVicar acts for Menē in Debt Financing

On March 11, 2019 Menē Inc. (“Menē” or the “Company”) announced that it had completed its previously announced debt financing (“Debt Financing”) with a strategic lender (the “Lender”).

Under the Debt Financing, the Lender has purchased, on a non-brokered private placement basis, a 3.0% secured non-convertible note of the Company with a CDN$20,000,000 aggregate principal amount due March 8, 2021 (the “Note”). The Lender also acquired under the Debt Financing 15,000,000 free-trading subordinate voting share (“Class B Share”) purchase warrants in the capital of the Company (the “Warrant”). Each Warrant entitles the holder thereof to purchase a Class B Share (a “Warrant Share”) at a price of $1.00 per Warrant Share until November 29, 2020.

Menē intends to use the net proceeds of the Debt Financing to expand inventory and for working capital purposes.

Menē crafts pure 24 karat gold and platinum jewelry that is transparently sold by gram weight. Through, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices.


Recent Transactions

11 November 2022

Peterson McVicar Acts for Euro Sun in $2.365 Million Private Placement

Learn More

29 September 2022

Peterson McVicar Acts for Red Cloud Securities Inc. in Brokered Private Placement with Grounded Lithium for up to C$5.0 Million

Learn More

02 September 2022

Peterson McVicar Acts for HIVE Blockchain in At-The-Market Equity Program

Learn More

25 August 2022

Peterson McVicar Acts for Red Cloud in Heritage Mining Ltd. Initial Public Offering

Learn More