FTI to Amend the 2018 Private Placement Warrants
February 28 2019 - 8:15PM
FTI Foodtech International Inc. (TSXV: FTI) (“the Company”)
announces its intention to amend the warrants issued in conjunction
with its private placement that closed on March 31, 2018. The
original warrants were each exercisable into one common share of
the Company at an exercise price of $1.00 per share with an expiry
of March 31, 2019. Each amended warrant will be exercisable
into one common share of the Company at an exercise price of $0.60
per share with an expiry of March 31, 2020. There are a total
of 573,300 warrants outstanding that will be amended. The
amendments are subject to Exchange acceptance.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For further information, contact: William
Hullah, President, FTI at (416) 444-1058.
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