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Wildeboer Dellelce Advises Denarius Metals on Its Redemption of Convertible Debentures
Wildeboer Dellelce LLP acted as legal counsel to Denarius Metals Corp. (Cboe CA: DMET; OTCQX: DNRSF) on a corporate reorganization that involved the amendment of two indentures, three concurrent securityholder meetings and the early redemption of two series of debentures valued at more than CA$34,000,000. Through the early redemption, the debentures were retired and Denarius issued a total of 223,648,136 common shares to debentureholders.
As a result of the transaction, Denarius eliminated approximately CA$157,000,000 in payments that would otherwise have been made to the holders of the debentures. Denarius intends to use the resulting cash savings to further develop the Zancudo Project in Colombia, as well as its other projects.
Wildeboer Dellelce LLP acted for Denarius with a team comprising Peter Volk, James Brown, Mariam Al-Shikarchy, Natalie Tershakowec, Brett Varrin, Ella Rowley and Mitchell Robinson.
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