Vesta Wealth Partners Ltd. Receives Warrants and Secured Non-Convertible Notes of CE Brands Inc. in Connection With the Restructuring of Certain Debt
Vesta Wealth Partners Ltd. Receives Warrants and Secured Non-Convertible Notes of CE Brands Inc. in Connection With the Restructuring of Certain Debt
Calgary, Alberta--(Newsfile Corp. - January 16, 2023) - In accordance with regulatory requirements, Vesta Wealth Partners Ltd. ("Vesta"), on behalf of Vesta Global Stability Fund LP ("Vesta Fund"), and fully managed accounts managed by Vesta (collectively, the "Acquiror"), announces that in consideration for the Vesta Loan Facility Restructuring (as defined below) its has received 2,000,000 common share purchase warrants ("Warrants") of CE Brands Inc. (the "Company"). Each Warrant is exercisable to acquire one common share ("Common Share") at an exercise price of $0.10 at any time on or before January 13, 2025.
卡爾加里，阿爾伯塔省---（新聞文件公司-2023 年 1 月 16 日）-根據監管要求，灶神星財富合作夥伴有限公司（」灶神星「), 代表灶神星全球穩定基金 LP (」灶神星基金「)，以及由 Vesta 管理的完全管理帳戶 (統稱為」收購「), 宣布考慮到灶神星貸款融資重組 (定義如下) 其已收到 2,000,000 普通股權證 (」認股證「）CE 品牌有限公司（」公司「)。每份認股權證均可行使一股普通股 (」共同分享「) 在二零二五年一月十三日或之前的任何時間，行使價為 0.10 美元。
The Warrants were issued in connection with the restructuring into senior secured notes of the Company's US$2,000,000 senior secured facility (the "Vesta Loan Facility") granted by Vesta Fund and announced by the Company on January 16, 2023 (the "Vesta Loan Facility Restructuring").
發行認股權證是有關重組為該公司 2,000,000 美元高級抵押債券的高級抵押票據（「」灶神星貸款「) 由灶神星基金授予，並由本公司於 2023 年 1 月 16 日宣佈 (」灶神星貸款融資重組「)。
Pursuant to the Vesta Loan Facility Restructuring the Company and Vesta Fund agreed to restructure the Vesta Loan Facility into a senior secured note (the "US$2MM Note") with terms similar to the Revised Notes (as defined below), other than the US$2MM Note is payable on demand after 60 days prior written notice with no maturity date, and the interest rate of the US$2MM Note is 18% and payable semi-annually in arrears, rather than 15% and payable annually in arrears for the Revised Notes. Other material terms of the US$2MM Note are the same as the Revised Notes, including the security of the US$2MM Note ranking pari passu with the Revised Notes.
根據灶神星貸款融資重組，公司和灶神星基金同意將灶神星貸款融資重組為高級抵押票據（「」2 毫米美元註「) 條款與經修訂債券（定義見下文）相似，除 2 毫米美元債券外，須在書面通知前 60 天後提出要求繳付，而該 2 毫米債券的利率為 18%，每半年繳付一次，而經修訂債券則每年繳付 15%，並須每年繳付 15%。2 毫米美元註釋的其他重要條款與修訂債券相同，包括 2 毫米美元註釋排名的安全性 帕里帕蘇 與修訂後的註釋。
In addition, the Company, the Acquiror and the holders of the Company's $4,000,000 senior secured convertible notes issued on November 13, 2021 (the "November Convertible Notes") and the Company's $1,000,000 senior secured convertible notes issued on May 25, 2022 (the "May Convertible Notes" together with the November Convertible Notes, the "Notes") have agreed to restructure the Notes (the "Secured Note Restructuring").
此外，本公司、收購人及本公司於二零二一年十一月十三日發行之 $4,000,000 高級有抵押可換股票據的持有人（「十一月 可換股票據「) 及本公司於 2022 年 5 月 25 日發行的一百萬元高級有抵押可換股票據（」5 月可換股票據「連同 11 月可換股票據」注意「) 已同意重組附註 (」抵押票據重組「)。
Pursuant to the Secured Note Restructuring the Notes have been restructured in order to remove the holders' rights to convert the Notes into Common Shares, to remove the option of the holders to request that interest be payable in Common Shares, and to extend the maturity date of the November Convertible Notes from November 13, 2023 to April 30, 2024 (the "Revised Notes"). The maturity date for the May Convertible Notes remain May 25, 2024. All other material terms of the Notes will remain unchanged in the Revised Notes.
根據擔保票據重組，債券已被重組，以取消持有人將票據轉換為普通股的權利，刪除持有人要求以普通股支付利息的選擇權，並將 11 月可換股票據的到期日由 2023 年 11 月 13 日延長至 2024 年 4 月 30 日（修訂備註「)。5 月可換股票據的到期日仍然是 2024 年 5 月 25 日。《註釋》的所有其他重要條款將在修訂後的備註內維持不變。
Immediately prior to the acquisition of securities described in this news release, Vesta and its "joint actors" (as defined in National Instrument 61-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues) owned 718,114 Common Shares, 2,741,328 warrants to purchase common shares and $5,000,000 principal amount of Notes (representing approximately 21.71% of the Company on a partially diluted basis). Immediately following the acquisition of securities described in this news release, the Acquiror has control and direction over 718,114 Common Shares, 4,741,328 warrants to purchase Common Shares and $5,000,000 principal amount of Revised Notes and the US$2MM Note representing in the aggregate an approximate 21.6% interest in the Company on a fully-diluted basis assuming the exercise of all of the warrants at their respective exercise prices and based on the basic number of Common Shares currently outstanding.
緊接收購本新聞稿中描述的證券之前，灶神星及其「聯合參與者」（如國家儀器 61-103 中所定義的 — 預警系統和相關的收購競標和內幕報告問題) 擁有 718,114 股普通股、2,741,328 股權證以購買普通股及 5,000,000 元本金票據（按部分攤薄基準約佔本公司 21.71%）。緊接收購本新聞稿所述證券後，收購人控制及指示 718,114 股普通股、4,741,328 股認股權證及 $5,000,000 本金經修訂票據及 2MM 美元票據，代表公司以全稀釋的基本方式行使所有認股權證以其個別行使價格及基本普通股份合計約 21.6% 權益。
The Warrants, US$2MM Note and the Revised Notes were acquired in the ordinary course of business, for investment purposes only and not for the purpose of exercising control or direction over the Company. Vesta's private client managed accounts may from time to time acquire additional securities of the Company (including Common Shares pursuant to market purchases) or may decide in the future to sell all or part of its investment.
認股權證、2 毫米美元附註及經修訂債券是在日常業務過程中收購的，只作投資用途，並非為了對本公司行使控制權或指示。Vesta 的私人客戶管理帳戶可能會不時收購公司的額外證券（包括根據市場購買的普通股），或將來可能決定出售其全部或部分投資。
Vesta specifically disclaims any beneficial ownership of the securities held by its private client managed accounts, but as investment manager of its managed accounts Vesta has exclusive power to exercise investment control or direction over such securities.
灶神星特別拒絕對其私人客戶管理賬戶持有的證券的任何實益擁有權，但作為其管理賬戶的投資經理，Vesta 擁有對該等證券行使投資控制或指示的獨家權力。
For additional information, an early warning report can be found on SEDAR or may be obtained by contacting:
有關其他信息，可以在 SEDAR 上找到預警報告，也可以通過以下方式獲得：
Vesta Wealth Partners Ltd.
Suite 640, 330 – 5th Avenue S.W.
Calgary, Alberta T2P 0L4
Attention: Larisa Wilson
Telephone: 403-930-0700
灶星財富管理有限公司
西南第五大道 330 號套房公寓
卡爾加里，艾伯塔省
注意：拉里莎·威爾遜
電話：三零零九七
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譯文內容由第三人軟體翻譯。