BELGRAVIA Corporate Update
BELGRAVIA HARTFORD CAPITAL INC. (formerly, Belgravia Capital
International Inc.) (d/b/a Belgravia Hartford) (CSE:BLGV)
(OTCQB:BLGVF) (“Belgravia Hartford”. “Belgravia” or the “Company”)
today announce a corporate update.
(TSX-V:ZONE) Application for Bankruptcy Order
In June 2019, Belgravia filed an Application for
a Bankruptcy Order against Zonetail Inc. in the Superior Court
(Bankruptcy and Insolvency Division), as referenced in the
Company’s news release of November 1, 2019.
On December 17, 2019, Zonetail commenced a
lawsuit against Belgravia claiming, among other things, $5,000,000
for special damages owing to its depleted share price.
There is no merit to Zonetail’s claims against
Belgravia. Rather, it is Belgravia’s opinion that Zonetail
commenced the proceedings against Belgravia in an attempt to delay
any ruling on Zonetail’s clear insolvency and the inevitable
repayment of the Bridge Loan in the amount of $325,000, which was
released from the TSX Venture Exchange escrow on November 1, 2019.
Belgravia continues to hold 3,562,500 common shares of Zonetail
which remain subject to escrow.
Belgravia’s intends to vigorously defend against
this frivolous lawsuit. Mr. Holmes, President of Zonetail, was also
advised by Belgravia’s counsel that further public verbal attacks
on Mr. Azodi will not be condoned.
Belgravia urges the Board of Zonetail to
practice full and plain disclosure to its shareholders and
HartfordBelgravia Hartford Capital Inc. is a publically
traded investment holding company which invests in public and
private companies in legal jurisdictions and under the rule of law.
Belgravia and its investments are high risk business ventures and
expose shareholders to financial risks. Belgravia Royalty &
Management Services has a royalty and fee income model. Further,
the cash and investment asset base provide capital to support
expansion on a selective basis.
For more information, please visit
StatementsCertain information set forth in this news
release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Forward-looking statements include
statements that use forward-looking terminology such as “may”,
“will”, “expect”, “anticipate”, “believe”, “continue”, “potential”
or the negative thereof or other variations thereof or comparable
terminology. Such forward-looking statements include, without
limitation, statements regarding planned investment activities
& related returns, the timing for completion of research and
development activities, the potential value of royalties, and other
statements that are not historical facts. These forward-looking
statements are subject to numerous risks and uncertainties, certain
of which are beyond the control of the Company, including, but not
limited to, changes in market trends, the completion, results and
timing of research undertaken by the Company, risks associated with
resource assets, the impact of general economic conditions,
commodity prices, industry conditions, dependence upon regulatory,
environmental, and governmental approvals, and the uncertainty of
obtaining additional financing. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
For More Information, Please
Mehdi Azodi, President & CEOBelgravia
Hartford Capital Inc.(416) email@example.com