FinCanna Capital Corp. Announces Election to Issue Common Shares in Satisfaction of Convertible Debenture Interest Payments
FinCanna Capital Corp. Announces Election to Issue Common Shares in Satisfaction of Convertible Debenture Interest Payments
Toronto, Ontario--(Newsfile Corp. - April 11, 2023) - FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) ("FinCanna" or the "Company") announces that it has received Debenture Holder approval to amend its outstanding Convertible Debentures to allow, for up to two more consecutive quarters, interest payments under the Convertible Debentures to be satisfied with the issuance of common shares of the Company, a third (or more) consecutive quarter of satisfying interest payments with the issuance of common shares of the Company will require further Debenture Holder approval and is subject to the approval of the Canadian Securities Exchange. The Company has elected to issue shares to satisfy convertible debenture interest payments due April 6, 2023 and April 10, 2023 (the "Interest Payment Dates").
安大略省多倫多--（Newsfile Corp.——2023年4月11日）- Fincanna 資本公司 （案例：CALI）（OTCQB：FNNZF） (”FinCanna“或者”公司“）宣佈，它已獲得債券持有人批准，可以修改其未償還的可轉換債券，允許在最多連續兩個季度內將可轉換債券的利息支付用於支付公司普通股的發行，連續第三個季度（或更多）支付的公司普通股的利息需要債券持有人進一步批准，尚待加拿大證券交易所的批准。公司已選擇發行股票以支付2023年4月6日和2023年4月10日到期的可轉換債券利息（”利息支付日期“)。
The Company previously issued Convertible Debentures, as amended from time to time, in February 2019 and July 2020. The Convertible Debentures, as amended, mature on January 10, 2024 and February 8, 2024, respectively, and bear interest at 12% per annum.
該公司此前於2019年2月和2020年7月發行了經不時修訂的可轉換債券。經修訂的可轉換債券分別於2024年1月10日和2024年2月8日到期，年利率爲12％。
The Common Shares were issued at $0.005 per Common Share on the Interest Payment Dates.
普通股在利息支付日以每股普通股0.005美元的價格發行。
The issuance of the Common Shares as payment for interest owing on the Debentures is subject to the terms and conditions of the Indenture as well as the receipt of all requisite approvals, including, without limitation, the approval of the Canadian Securities Exchange ("CSE"). If required by the CSE, the Common Shares issued in consideration for the interest owing on the Debentures will bear the appropriate legends.
發行普通股以支付債券所欠利息須遵守契約的條款和條件，並獲得所有必要的批准，包括但不限於加拿大證券交易所的批准（”案例“)。如果CSE要求，作爲債券所欠利息的對價而發行的普通股將帶有相應的圖例。
About FinCanna Capital Corp.
關於 Fincanna Capital Co
FinCanna was an investment company providing growth capital to rapidly emerging private companies operating in the licensed U.S. cannabis industry. FinCanna no longer has active business operations. For additional information visit and FinCanna's profile at .
FinCanna是一家投資公司，爲在美國持牌大麻行業運營的快速崛起的私營公司提供增長資本。Fincanna 不再有活躍的業務運營。欲瞭解更多信息，請訪問FinCanna的個人資料，網址爲。
FinCanna Capital Corp.
Vern Vipul, CEO and Director
416-545-9103
vvipul@wealthstewards.ca
Fincanna 資本公司
Vern Vipul，首席執行官兼董事
416-545-9103
vvipul@wealthstewards.ca
Forward-Looking Information
前瞻性信息
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is based on management's current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes statements about the details of debenture amendments.
本新聞稿包含適用證券法所指的 “前瞻性信息” 和 “前瞻性陳述”（統稱爲 “前瞻性信息”）。前瞻性信息基於管理層當前的預期和信念，受許多風險和不確定性的影響，這些風險和不確定性可能導致實際結果與前瞻性陳述中描述的結果存在重大差異。本新聞稿中的前瞻性信息包括有關債券修正案細節的聲明。
With respect to the forward-looking information contained in this news release, FinCanna has made numerous assumptions regarding, among other things: the ability to obtain all necessary regulatory approvals on a timely basis, or at all; the ability of the new management team to successfully restructure FinCanna, and continued economic and market stability. While FinCanna considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies.
關於本新聞稿中包含的前瞻性信息，Fincanna在以下方面做出了許多假設：及時或完全獲得所有必要的監管批准的能力；新管理團隊成功重組FincanNA的能力，以及持續的經濟和市場穩定。儘管FinCanna認爲這些假設是合理的，但這些假設本質上會受到重大的商業、經濟、競爭、市場和社會不確定性和突發事件的影響。
Additionally, there are known and unknown risk factors which could cause FinCanna's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: regulatory filings may not be filed or approved on a timely basis, or at all; FinCanna may not implement the Consolidation on a timely basis, or at all. A more complete discussion of the risks and uncertainties facing FinCanna is disclosed in FinCanna's most recent management discussion & analysis and other continuous disclosure filed with Canadian securities regulatory authorities on SEDAR at .
此外，一些已知和未知的風險因素可能導致Fincanna的實際業績、業績或成就與此處包含的前瞻性信息所表達或暗示的任何未來業績、業績或成就存在重大差異。已知的風險因素包括：監管文件可能無法及時提交或批准，或者根本不予批准；Fincanna可能無法及時或根本不實施合併。FinCanna的最新管理討論與分析以及在SEDAR上向加拿大證券監管機構提交的其他持續披露中披露了對FinCanna面臨的風險和不確定性的更全面的討論 。
All forward-looking information herein is qualified in its entirety by this cautionary statement, and FinCanna disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
本警示聲明對本文中的所有前瞻性信息進行了全面限定，除非法律要求，否則Fincanna不承擔任何修改或更新任何此類前瞻性信息或公開宣佈對本文包含的任何前瞻性信息的任何修訂結果以反映未來的業績、事件或發展的義務。
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要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。