RYU Applies to Extend Warrant Expiry Dates
RYU Applies to Extend Warrant Expiry Dates
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FSE: RYA) ("RYU" or the "Company"), announces that it is applying to the TSX Venture Exchange (the "TSXV" or "Exchange") to extend the expiry date of 13,709,612 common share purchase warrants (the "Warrants") issued by the Company in connection with a private placement financing that closed on December 22, 2020. The original term of the Warrants was two years and currently expires on December 22, 2022. The Company proposes to extend the expiry date to December 22, 2025 (the "Warrant Extension"). No other terms of the Warrants are to be amended and the exercise price remains at $0.08. The proposed amendment of the Warrants is subject to TSXV approval.
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年12月1日)-Ryu Apparel Inc.(TSXV：RYU)(OTCQB：RYPPF)(FSE：RYA)(“Ryu“或”公司)，宣佈正在向多倫多證券交易所創業板(TSX)申請TSXV“或”交易所“)延長13,709,612份普通股認購權證的到期日認股權證由本公司發行，與2020年12月22日結束的私募融資有關。認股權證的原有期限為兩年，現於2022年12月22日到期。本公司建議將到期日延長至2025年12月22日(搜查令 延拓“)。認股權證的其他條款將不會修訂，而行使價仍為0.08美元。權證的建議修訂須待TSXV批准。
Certain of the Warrants are held by parties who are considered to be "related parties" of the Company (such warrants, the "Related Party Warrants"). Therefore, the amendment of the Related Party Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon because neither the fair market value of the Related Party Warrants nor the fair market value of the consideration paid for the Related Party Warrants exceeds 25% of the market capitalization of the Company. A material change report in respect of this related party transaction will be filed by the Company. The extension of the Warrants would only be effective upon TSXV approval and receipt of the requisite confirmation from the holders of the Warrants.
若干認股權證由被視為本公司“關連人士”的人士持有(該等認股權證、“關聯方認股權證”)。因此，對關聯方認股權證的修訂構成了多邊文書61-101《特別交易中少數股東保護》和TSXV政策5.9-特別交易中少數股東保護所設想的“關聯方交易”。然而，由於關聯方認股權證的公平市值或為關聯方認股權證支付的代價的公平市值均不超過本公司市值的25%，因此可以信賴本準則規定的豁免正式估值和少數股東批准的要求。本公司將提交有關本次關聯方交易的重大變更報告。認股權證的延期只有在TSXV批准並收到認股權證持有人的必要確認後才有效。
On Behalf of the Board,
RYU Apparel Inc.
"Cesare Fazari"
Cesare Fazari, CEO
Tel: 416-434-5750
我謹代表董事會，
柳氏服飾有限公司。
《塞薩爾·法扎裏》
Cesare Fazari，首席執行官
電話：416-434-5750
Corporate Communications
investors@ryu.com
About RYU Apparel Inc.
企業通信
郵箱：Investors@ryu.com
關於柳氏服飾公司
RYU (TSXV: RYU) (OTCQB: RYPPF), or Respect Your Universe, is an award winning urban athletic apparel and accessories brand engineered for active lifestyles. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance. For more information, please visit the RYU website at:
RYU(TSXV：RYU)(OTCQB：RYPPF)，或尊重你的宇宙，是一個獲獎的城市運動服裝和配飾品牌，專為積極的生活方式而設計。Ryu的設計不會在適合性、舒適性和耐用性上妥協，它的存在是為了促進最佳的人類表現。欲瞭解更多信息，請訪問Ryu網站：
Our multi-purpose products are engineered for both performance and everyday wear. Made with high quality materials and innovative techniques, we craft products for your every step, every stroke and every stride. No distractions, only progression. Our products are designed, developed and tested at our corporate headquarters in Vancouver, BC, Canada. Production takes place in factories located in North America and Asia.
我們的多功能產品專為高性能和日常穿戴而設計。我們用高品質的材料和創新的技術，為您的每一步、每一劃、每一步精心製作產品。沒有分心，只有進步。我們的產品是在我們位於加拿大卑詩省温哥華的公司總部設計、開發和測試的。生產在北美和亞洲的工廠進行。
Forward Looking Statements Disclaimer
前瞻性聲明免責聲明
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
多倫多證券交易所創業板交易公司及其監管服務提供商(該術語在多倫多證券交易所創業板交易公司的政策中定義)對本新聞稿的充分性或準確性承擔責任。
This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as the proposed Warrant Extension transaction and Exchange approval thereof. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) the inability of RYU to close the Warrant Extension transaction; or (iii) the Exchange not approving the Warrant Extension transaction. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.
本新聞稿包含涉及有關未來事件的各種風險和不確定因素的前瞻性信息。此類前瞻性信息可能包括但不限於基於當前預期的陳述，涉及許多風險和不確定因素，不能保證RYU的未來表現，例如建議的認股權證延期交易及其交易所批准。存在許多風險和不確定性，可能會導致實際結果和Ryu的計劃和目標與前瞻性信息中所表達的大不相同，包括：(I)不利的市場狀況；(Ii)Ryu無法完成認股權證延期交易；或(Iii)交易所不批准認股權證延期交易。實際結果和未來事件可能與此類信息中預期的大不相同。這些以及隨後的所有書面和口頭前瞻性陳述都是基於管理層對它們作出日期的估計和意見，並明確地完整地受到本通知的限制。除法律另有規定外，Ryu不打算更新這些前瞻性陳述。
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