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The Limestone Boat Company (TSXV:BOAT) announces C$2M private placement

The Market Online Deal Room, Transport
TSXV:BOAT
24 October 2022 08:30 (EDT)

The Limestone Boat Company (BOAT) has announced a non-brokered private placement of debentures for proceeds of up to C$2.0 million.

Up to 200 individual debentures may be issued, each with a principal amount of C$10,000

Each debenture will mature four months from the closing date of the offering. The principal amount of the debentures will bear interest at a rate of 17.0 per cent per annum, which shall be payable on the maturity date. 

The Limestone Boat Company is the builder of the Limestone, Aquasport and Boca Bay brands.

The Limestone Boat Company Limited (BOAT) opened trading at C$0.03.


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