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Ballard Power Systems Inc. Message Board

  • du_fonz du_fonz Mar 4, 2013 6:20 AM Flag

    Oh no.... Dilution on its way....

    The investment announced today takes the form of a 5-year non-interest bearing convertible promissory note ("Note") issued by Ballard. The Note may be repaid in the form of Ballard common shares and Anglo American Platinum has the option of repayment on or before the loan maturity date. Any Ballard common shares issued on conversion or repayment would be priced at a 20% discount to the market price of the shares on the closing date of the transaction.

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