Thursday, July 30, 2020

Burcon Nutrascience Corporation - BU.t

"Burcon is providing notice to its holders of convertible debentures issued on December 10, 2019. Burcon completed a non-brokered private placement of unsecured convertible debentures to raise gross proceeds of $9.5 million in December 2019. The Convertible Debentures will be converted into Common Shares at a conversion price of $1.05 per Common Share, being a rate of 952.38 Common Shares for each $1,000 principal amount of the Convertible Debentures.

See ----->https://www.burcon.ca/2020/09/burcon-provides-business-update-and-notice-to-convertible-debenture-holders/
Burcon Nutrascience Corporation - BU.t is a leader in plant-based food technologies for feeding our growing world.

The company specializes in high-quality, functionally and nutritionally superior plant-based proteins. The company is a world leader in plant protein extraction and purification technology. In 2019, Merit Functional Foods was established in a joint venture by Burcon and three veteran food industry executives. Merit Foods is building a state-of-the-art plant protein production facility in Manitoba






On August 27, 2020 the co released News

Burcon NutraScience Corp.'s joint venture company, Merit Functional Foods Corp., has received a $30-million investment from a new equity partner, Bunge Ltd., a leading international agribusiness and food company. The partnership will expedite Merit's construction of its state-of-the-art plant-based protein production facility in Manitoba, Canada, where it will produce, under licence, Burcon's novel pea and canola protein ingredients. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. Construction is well under way, and the plant is on track to be fully operational by December, 2020.

Doug Cooper, MBA (416) 643-3863 dcooper@beaconsecurities.ca has put a $6.50 target on Burcon. - "When we add-up all of the above factors AND with an EV of ~$230 million, we believe the risk-return on the shares of BU is excellent. Furthermore, as we mentioned, plant-based proteins is one of the largest trends of our generation."

On June 22, 2020 the co released News

Burcon NutraScience Corporation (“Burcon”) (TSX:BU, OTCQB:BUROF), a global technology leader in the development of plant-based proteins, is pleased to announce that its joint venture company, Merit Functional Foods Corporation has secured additional debt financing of $10 million in the form of a 10-year interest free loan from Agriculture and Agri-Food Canada.