Playground Ventures Announces Debt Settlement and Option Grant
Playground Ventures Announces Debt Settlement and Option Grant
Toronto, Ontario--(Newsfile Corp. - February 1, 2022) - Playground Ventures Inc. (CSE: PLAY) (the "Company") is pleased to announce it has settled an aggregate of $196,252.41 of indebtedness to certain creditors of the Company through the issuance of 1,308,349 common shares in the capital of the Company (the "Common Shares") at a price of $0.15 per Common Share (the "Debt Settlement"). The Common Shares issued pursuant to the debt settlement are subject to a four-month hold period and completion of the transaction remains subject to final acceptance of the Canadian Securities Exchange.
安大略省多倫多-(Newsfile Corp.-2022年2月1日)遊樂場風險投資公司(CSE：Play)(“公司“)欣然宣佈，已通過發行1,308,349股本公司股本中的普通股，清償了欠本公司若干債權人的總額196,252.41美元的債務(”普通股“)，每股普通股0.15美元(”清償債務根據債務結算髮行的普通股有四個月的持有期，交易的完成仍有待加拿大證券交易所的最終接受。
The Company is also pleased to announce it has granted 2,425,000 options to purchase common shares of the Company exercisable at a price of $0.15 per share and expiring on February 1, 2027, to certain directors, officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.
公司還高興地宣佈，它已向公司的某些董事、高級管理人員和顧問授予242.5萬份購買公司普通股的期權，可按每股0.15美元的價格行使，2027年2月1日到期。在行使期權時可發行的普通股，自最初授予之日起有四個月的持有期。
The Debt Settlement constituted a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as certain insiders of the Company received an aggregate of 553,333 Common Shares. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Debt Settlement by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Debt Settlement, which the Company deems reasonable.
債務結算構成多邊文書61-101所界定的“關聯方交易”--特殊交易中少數證券持有人的保護 ("米其林61-101“)，因為本公司若干內部人士共收取553,333股普通股。本公司依賴MI 61-101第5.5(A)及5.7(1)(A)節所載豁免MI 61-101的估值及小股東批准規定，因為根據MI 61-101釐定，內部人士參與債務清償的公平市值不超過本公司市值的25%。本公司並無於清償債務結束前至少21日提交有關關聯方交易的重大變動報告，本公司認為合理。
For further information, please contact:
如需更多信息，請聯繫：
Jon Gill, Chairman
Tel: 416-361-1913
Email: investors@playgroundventures.com
喬恩·吉爾(Jon Gill)，董事長
電話：416-361-1913
電子郵件：Investors@playround ventures.com
Forward-Looking Information
前瞻性信息
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
本新聞稿包含適用證券法所指的某些“前瞻性信息”。前瞻性信息經常使用諸如“計劃”、“預期”、“項目”、“打算”、“相信”、“預期”、“估計”、“可能”、“將會”、“將會”、“潛在”、“建議”和其他類似詞語，或某些事件或條件“可能”或“將”發生的陳述來描述。這些陳述只是預測。前瞻性信息以提供信息之日管理層的意見和估計為基礎，會受到各種風險、不確定因素和其他因素的影響，這些因素可能會導致實際事件或結果與前瞻性信息中預測的大不相同。關於公司及其業務和事務面臨的風險和不確定因素的描述，讀者應參考公司管理層的討論和分析。除非法律要求，否則如果情況或管理層的估計或意見發生變化，公司不承擔更新前瞻性信息的義務。提醒讀者不要過度依賴前瞻性信息。
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