BZAM Ltd. Secures Loan Facility From Chairman and Largest Shareholder's Investment Holding Company; Terminates Previously Announced Brokered Private Placement of Units
BZAM Ltd. Secures Loan Facility From Chairman and Largest Shareholder's Investment Holding Company; Terminates Previously Announced Brokered Private Placement of Units
TORONTO and VANCOUVER, BC, Oct. 30, 2023 /PRNewswire/ - BZAM Ltd. (the "Company" or "BZAM") (CSE: BZAM) (OTC: BZAMF) announced today that the Company has opted to proceed with a loan facility offered by the investment holding company of its Chairman and largest shareholder in lieu of the brokered private placement (the "Offering") referenced in its press release of October 2, 2023. In place of the Offering, the Company has secured a loan today from the Chairman and largest shareholder of the Company of up to $3 million in aggregate, funded by way of one or more secured promissory notes (the "Loan"). The Loan will bear interest at a rate of prime plus 8% per annum and mature no earlier than April 1, 2025. The Loan is intended to be used for general corporate expenses and working capital purposes, with the initial tranche of $1.19 million being funded today.
多倫多和溫哥華,卑詩省,2023年10月30日/美通社/-BZAM Ltd.(“公司”或“BZAM)(CSE:BZAM)(場外交易市場代碼:BZAMF)今天宣佈,本公司已選擇繼續進行由其主席兼最大股東的投資控股公司提供的貸款安排,以代替其新聞稿中提到的經紀私募(以下簡稱“發售”)。10月2日,2023年。作為此次發行的替代,公司今天從公司董事長兼最大股東那裡獲得了一筆高達300萬美元總計,通過一張或多張有擔保的本票(“貸款“)。貸款將按最優惠利率加年息8%計息,並不早於4月1日,2025年。這筆貸款擬用於一般企業支出和營運資本用途,首批貸款為119萬美元今天正在接受資助。
Matt Milich, the Chief Executive Officer of the Company, stated: "We are pleased to have secured this non-dilutive financing and grateful for the continuing support of our Chairman. This funding provides additional flexibility as we look to expand revenue and market share in Q4 and beyond from our increasingly streamlined and efficient cost base."
馬特·米利奇公司首席執行官表示:“我們很高興獲得了這筆非稀釋融資,並感謝董事長的持續支持。這筆資金為我們提供了額外的靈活性,因為我們希望在我們日益精簡和高效的成本基礎上,在第四季度及以後擴大收入和市場份額。”
The Company's Chairman and largest shareholder, who is an insider of the Company, will be issuing the Loan. Accordingly, the Loan is considered to be a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pursuant to MI 61-101, the Company will file a material change report providing disclosure in relation to each "related party transaction" on SEDAR+ under BZAM's issuer profile at . The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on section 5.5(a) of MI 61-101 as the fair market value of the Loan is not more than the 25% of the Company's market capitalization. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(1)(a) as the fair market value of the Loan is not more than the 25% of the Company's market capitalization.
公司董事長和最大股東是公司內部人士,將發放這筆貸款。因此,就多邊文書61-101而言,這筆貸款被視為“關聯方交易”--特殊交易中少數股權持有人的保護(“米其林61-101“)。根據MI 61-101,本公司將提交一份重大變更報告,披露與BZAM發行人簡介下SEDAR+上的每筆“關聯方交易”有關的資訊,網址為。該公司依賴於MI 61-101規定的正式估值和少數股東批准要求的豁免。本公司根據MI 61-101第5.5(A)條豁免遵守MI 61-101第5.4條的正式估值要求,因為貸款的公平市值不超過本公司市值的25%。此外,根據第5.7(1)(A)條,本公司可根據第5.7(1)(A)條豁免遵守MI 61-101第5.6條的小股東批准要求,因為貸款的公平市值不超過本公司市值的25%。
BZAM Ltd. (CSE: BZAM) (US–OTC: BZAMF) is a leading Canadian cannabis producer with a focus on branded consumer goods, innovation, quality, consistency, integrity and transparency. The BZAM family includes core brands BZAM, TGOD, ness, Highly Dutch Organic, TABLE TOP, and partner brands Dunn Cannabis, FRESH and Wyld. BZAM operates facilities in BC, Alberta, Ontario and Quebec, as well as a retail store in Regina, Saskatchewan.
BZAM有限公司(CSE:BZAM)(美國場外交易代碼:BZAMF)是加拿大領先的大麻生產商,專注於品牌消費品、創新、質量、一致性、誠信和透明度。BZAM系列包括核心品牌BZAM、TGOD、Ness、高度荷蘭有機、桌面以及合作品牌Dunn Cannabis、Fresh和Wyld。BZAM在不列顛哥倫比亞省運營設施,艾伯塔省,安大略省和魁北克,以及一家零售店裡賈納,薩斯喀徹溫省。
BZAM's Common Shares and certain warrants issued under the indentures dated June 12, 2020, October 23, 2020 and December 10, 2020 currently trade on the CSE under the symbol "BZAM", "BZAM.WR", "BZAM.WA", and "BZAM.WB" respectively. BZAM's Shares trade in the U.S. on the OTCQX under the symbol "BZAMF". For more information on BZAM Ltd., please visit .
BZAM的普通股及根據日期為日期的契約發行的若干認股權證2020年6月12日,2020年10月23日和2020年12月10日目前在CSE的交易代碼分別為“BZAM”、“BZAM.WR”、“BZAM.WA”和“BZAM.WB”。BZAM的股票在美國的OTCQX市場交易,代碼是“BZAMF”。欲瞭解更多有關BZAM有限公司的資訊,請訪問。
This news release includes statements containing certain "forward–looking information" within the meaning of applicable securities law ("forward–looking statements"). Forward looking statements in this release include, but are not limited to, statements about the issuance of the Loan, the amount of the Loan, use of the funds received under the Loan, potential cost savings, statements on future revenue and market share, and statements on continuing support from the Chairman. Forward–looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "should", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward–looking statements throughout this news release. Forward–looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties (including market conditions) and other factors that could cause actual events or results to differ materially from those projected in the forward–looking statements, including those risk factors described in the Company's most recent Annual Information Form filed with Canadian securities regulators and available on the Company's issuer profile on SEDAR+ at . Although the Company believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward–looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
本新聞稿包括包含某些“前瞻性”的聲明-在適用的證券法的含義內尋找資訊(轉發-查看報表本新聞稿中的前瞻性陳述包括但不限於關於貸款發放、貸款金額、貸款資金用途、潛在成本節約、未來收入和市場份額的陳述,以及關於董事長持續支持的陳述。-“計劃”、“繼續”、“預期”、“計劃”、“打算”、“應該”、“相信”、“預期”、“估計”、“可能”、“將會”、“潛在”、“建議”等詞語,或某些事件或條件“可能”或“將”發生的陳述,往往是具有代表性的。這些聲明只是預測。在得出結論或做出遠期所載的預測時,使用了各種假設-在這篇新聞稿中,我們一直在尋找聲明。轉發-前瞻性陳述基於管理層在作出陳述之日的意見和估計,受各種風險和不確定性(包括市場狀況)和其他因素的影響,這些因素可能導致實際事件或結果與前瞻性預測的結果大不相同。-前瞻性陳述,包括公司向加拿大證券監管機構提交的最新年度資訊表格中描述的風險因素,以及公司在SEDAR+AT上的發行人簡介中描述的風險因素。儘管本公司認為在準備本新聞稿中的前瞻性資訊或前瞻性陳述時使用的假設和因素是合理的,但不應過度依賴這些資訊,也不能保證此類事件將在披露的時間框架內發生或根本不會發生。本新聞稿中包含的前瞻性資訊和前瞻性陳述是截至本新聞稿發佈之日作出的。本公司沒有義務,並明確表示沒有任何意圖或義務來更新或修改任何遠期-前瞻性陳述,無論是由於新資訊、未來事件或其他原因,除非適用法律明確要求。
Neither the CSE nor the CSE's Regulation Services Provider (as that term is defined in the policies of CSE) accept responsibility for the adequacy or accuracy of this release.
CSE或CSE的監管服務提供商(該術語在CSE的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
SOURCE BZAM LTD.
來源:BZAM Ltd.
譯文內容由第三人軟體翻譯。