Brattle Street Enters Into Debt Conversion Agreement
September 06 2020 - 5:44PM
Brattle Street Investment Corp. (“
Brattle Street”
or the “
Company”) (TSXV:BRTL), announces it has
entered into a shares for debt agreement, pursuant to which it will
issue an aggregate of 1,000,000 common shares in satisfaction of
US$88,000 of indebtedness owed to a service provider. The Company
determined to satisfy the foregoing indebtedness with common shares
in order to preserve its cash. The transaction is subject to
approval of the TSX Venture Exchange (the
“
Exchange”). In addition, such shares will be
subject to a Canadian four-month hold period.
Forward-Looking Statements
Certain statements contained in this press
release constitute "forward-looking information" as such term is
defined in applicable Canadian securities legislation. The words
"may", "would", "could", "should", "potential", "will", "seek",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions as they relate to the Company, including:
closing of the transaction; are intended to identify
forward-looking information. All statements other than statements
of historical fact may be forward-looking information. Such
statements reflect the Company's current views and intentions with
respect to future events, and current information available to
the Company, and are subject to certain risks, uncertainties and
assumptions, including, without limitation: the conditions to
closing of the transaction being satisfied, including
obtaining all necessary approvals for the transaction. Material
factors or assumptions were applied in providing forward-looking
information. Many factors could cause the actual results,
performance or achievements that may be expressed or implied by
such forward-looking information to vary from those described
herein should one or more of these risks or uncertainties
materialize. These factors include, without limitation: changes in
law, competition, the ability to implement business strategies
and pursue business opportunities; state of the capital markets;
the availability of funds and resources to pursue operations;
dependence on debt markets and changes in interest rates and
credit conditions; currency exchange rate fluctuations; demand
for the lending products the Company offers at interest rates
higher than at which the Company can borrow; a novel business
model; granting of permits and licenses in a highly regulated
business; difficulty of funding and integrating newly acquired
businesses; new technologies; low profit market segments; general
economic, market and business conditions; underlying risks faced by
firms in which the Company may invest; and risks related to
COVID-19 including various recommendations, orders and measures of
governmental authorities to try to limit the pandemic, including
travel restrictions, border closures, non-essential business
closures, quarantines, self-isolations, shelters-in-place and
social distancing, disruptions to markets, economic activity,
financing, supply chains and sales channels, and a deterioration
of general economic conditions including a possible national or
global recession; as well as those risk factors discussed or
referred to in the Company's disclosure documents filed with the
securities regulatory authorities in certain provinces of Canada
and available at www.sedar.com. Should any factor affect the
Company in an unexpected manner, or should assumptions underlying
the forward-looking information prove incorrect, the actual
results or events may differ materially from the results or events
predicted. Any such forward-looking information is expressly
qualified in its entirety by this cautionary statement. Moreover,
the Company does not assume responsibility for the accuracy or
completeness of such forward-looking information. The
forward-looking information included in this press release is made
as of the date of this press release and the Company undertakes
no obligation to publicly update or revise any forward-looking
information, other than as required by applicable law.
The securities referred to in this news release
have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of,
U.S. persons absent U.S. registration or an applicable exemption
from the U.S. registration requirements. This news release does
not constitute an offer for sale of securities, nor a solicitation
for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a
prospectus containing detailed information about the company and
management, as well as financial statements.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Brattle Street Investment Corp.Michael DalsinChairman1 (844)
877-7562IR@inspirafin.comwww.inspirafin.com
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