Transactions

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 mene.com, 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.

Back

Recent Transactions

31 December 2021

Peterson McVicar Acts for Bitfarms in $100 Million Credit Facility

Learn More

08 December 2021

Peterson McVicar Acts for Red Cloud in Upsize of Fission 3.0 Brokered Private Placement to up to C$7.5 Million

Learn More

11 November 2021

Peterson McVicar acts for Bitfarms as it Acquires 24 Megawatts of Hydro Power in the U.S. and Enters into Memorandum of Understanding to Expand Up to 99 MW

Learn More

09 November 2021

Peterson McVicar Acts for HIVE Blockchain in $110,020,000 Bought Deal Private Placement Financing

Learn More