ATW Trumpets Debenture Conversion

ATW Trumpets Debenture Conversion

By: Tomas Ronolski - News

Wednesday, February 12, 2020

Montreal-based Fintech company ATW Tech Inc. (TSX-Venture:ATW) had exciting financial news to share as morning turned to afternoon on mid-week Wednesday.

The company announced that Groupe Gestion G5 Inc. has converted its convertible debenture, worth  $2 million, into 20,000,000 common shares of ATW Tech at a conversion price of $0.10 per Common Share.

This conversion will allow ATW Tech to discharge its $2-million debt, which was to come due in October 2021, as well as to avoid $200,000 in annual interest charges.

The Company also announces its intention to complete a $600,000 private placement, on terms that will be announced shortly. ATW is the owner of several web platforms including VoxTel and

Shares in ATW vaulted 1.5 cents, or 150%, Wednesday afternoon to 2.5 cents, on awesome volume of 1.9 million shares. 


Copyright © 2019 All rights reserved. Republication or redistribution of's content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Pot Stock Recovery? This One Jumped on Friday
MacDonald Stuns with Thursday Gains
Tech Shares Lead Charge Out of Monday-Tuesday Gully
Two Cannabis Firms in Spotlight During Gloomy Week for Stocks

Back to Top