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Pond Technologies Announces the Engagement of Corton Capital to Assist With a Private Placement of up to $5.25 Million Convertible Debentures and Extension of Crystal Wealth Loan

Pond Technologies Announces the Engagement of Corton Capital to Assist With a Private Placement of up to $5.25 Million Convertible Debentures and Extension of Crystal Wealth Loan

Pond Technologies宣佈聘請Corton Capital協助私募高達525萬美元的可轉換債券並延長水晶財富貸款
Accesswire ·  2023/06/07 05:30

MARKHAM, ON / ACCESSWIRE / June 6, 2023 / Pond Technologies Holdings Inc. ("Pond") (TSX.V:POND)(OTCQB:PNDHF)(FSE:400), an ESG company addressing global sustainability challenges of wellness and climate change, is pleased to announce it has engaged Corton Capital Inc. ("Corton") in respect of a private placement (the "Private Placement") of up to an aggregate of $5,250,000 in principal amount of convertible debentures of Pond (the "Convertible Debentures").

安大略省萬錦市/ACCESSWIRE /2023 年 6 月 6 日 / 龐德科技控股有限公司 (”池塘“)(TSX.V: POND)(OTCQB: PNDHF)(FSE: 400)是一家應對健康和氣候變化的全球可持續發展挑戰的ESG公司,很高興地宣佈已聘請Corton Capital Inc.(”Corton“) 就私募而言(”私募配售“)Pond的可轉換債券本金總額不超過525萬美元(”可轉換債券“)。

The Convertible Debentures bear interest at 12% per annum, are convertible into common shares of Pond ("Common Shares") at the option of the holders thereof at any time after 30 trading days from the date of placement, at a conversion price of $0.20 per share (the "Conversion Price"), and mature three (3) years from the date of issuance. In the event that, following closing, the daily volume weighted average trading price (or closing bid price on days when there are no trades) of the Common Shares on the TSX Venture Exchange ("TSXV") exceeds $0.40 per Common Share for 20 consecutive trading days (the "Triggering Event"), the Convertible Debentures (including the interest accrued thereon) shall be automatically converted into Common Shares on the effective date of the Triggering Event at the Conversion Price.

可轉換債券的年利息爲12%,可轉換爲Pond的普通股(”普通股“)自配售之日起30個交易日後的任何時候由其持有人選擇,轉換價格爲每股0.20美元(”轉換價格“),自發行之日起三(3)年到期。如果收盤後,多倫多證券交易所普通股的每日交易量加權平均交易價格(或沒有交易的日子的收盤出價)(”TSXV“) 連續20個交易日每股普通股超過0.40美元(”觸發事件“),可轉換債券(包括其應計利息)應在觸發事件生效之日自動按轉換價格轉換爲普通股。

The Convertible Debentures will be senior unsecured obligations of Pond and will rank senior to any other existing and future subordinated unsecured indebtedness of Pond. The Private Placement is subject to customary closing conditions, including the approval of the TSXV, and is anticipated to close on or about June 30, 2023. The Convertible Debentures, and any Common Shares issued upon conversion, will be subject to a statutory hold period expiring four (4) months and a day from the date of issuance of the Convertible Debentures.

可轉換債券將是Pond的優先無抵押債務,將優先於Pond的任何其他現有和未來的次級無抵押債務。私募受慣例成交條件的約束,包括多倫多證券交易所的批准,預計將於2023年6月30日左右結束。可轉換債券以及轉換時發行的任何普通股的法定持有期將從可轉換債券發行之日起四 (4) 個月零一天到期。

The net proceeds of the Private Placement are expected to be used by Pond for the repayment of debt and for working capital and general corporate purposes.

預計私募的淨收益將由龐德用於償還債務以及營運資金和一般公司用途。

In connection with closing of the Private Placement, Pond has agreed, subject to certain exceptions, to pay Corton a fee equal to up to 6% of the gross proceeds raised under the Private Placement and to issue to Corton that number of Common Share purchase warrants of Pond that is equal to up to 6% of the gross proceeds raised under the Private Placement, each such warrant having an exercise price of $0.20 per share and expiring three (3) years from the date of issuance.

關於私募收購,除某些例外情況外,龐德已同意向Corton支付一筆不超過私募籌集總收益6%的費用,並向Corton發行相當於私募籌集總收益的6%的Pond普通股購買權證,每份此類認股權證的行使價爲每股0.20美元,自發行之日起三(3)年內到期。

In addition to the Private Placement, and further to the prior release dated March 25, 2021, Pond announces that it has entered into an agreement with Grant Thornton Limited, in its capacity as court-appointed receiver and manager of Crystal Wealth Management System Limited, to further amend certain terms relating to Pond's obligations under its existing loan arrangements with Grant Thornton.

除私募外,繼2021年3月25日的先前新聞稿之後,龐德宣佈已以法院任命的接管人和Crystal Wealth Management System Limited的身份與Grant Thornton Limited達成協議,進一步修改與龐德在與格蘭特·桑頓的現有貸款安排下的義務有關的某些條款。

The agreement provides for, among other things, the postponement of all interest and principal payments until the earlier of September 30, 2023, and the date of closing at least $3 million under the Private Placement.

除其他外,該協議規定將所有利息和本金的支付推遲到2023年9月30日較早的日期,以及私募下至少300萬美元的完成日期。

Thomas Masney, Pond CFO, commented, "Pond is very pleased with the amendments as it will assist in stabilizing our debt servicing expenses during the current expansion phase of its business plan. By taking these careful measures, we may greatly increase our financial runway, lower our short-term debt obligations, and increase the flexibility of our balance sheet. We look forward to keeping our shareholders updated as appropriate."

龐德首席財務官托馬斯·馬斯尼評論說:“龐德對修正案感到非常滿意,因爲它將有助於穩定我們在當前業務計劃擴張階段的償債支出。通過採取這些謹慎的措施,我們可以大大增加我們的財務狀況,減少我們的短期債務並增加資產負債表的靈活性。我們期待酌情向股東通報最新情況。”

About Pond Technologies Holdings Inc.:

關於龐德科技控股公司:

Located in Markham, Ontario, Pond Technologies has developed a proprietary system that can profitably transform CO2 into valuable products. Its Pond Carbon business focuses on absorbing greenhouse gas emissions, transforming these into food, feed, and nutraceutical ingredients. Pond recently added a Biotech division focused on the growth of unique strains of microalgae to be used as a reproductive medium for the expression of human antibodies and proteins.

位於安大略省萬錦市的Pond Technologies開發了一種專有系統,該系統可以將二氧化碳轉化爲有價值的產品,有利可圖。其 Pond Carbon 業務專注於吸收溫室氣體排放,將其轉化爲食品、飼料和營養品原料。龐德最近增加了一個生物技術部門,專注於培育獨特的微藻菌株,用作表達人類抗體和蛋白質的生殖介質。

For more information, please visit

欲瞭解更多信息,請訪問

Forward-Looking Statements:

前瞻性陳述:

This press release contains forward‐looking statements within the meaning of applicable securities laws, including statements regarding anticipated closing of the Private Placement and the use of proceeds therefrom, and the repayment of its loan with Grant Thornton. Such forward‐looking statements are based on certain key expectations and assumptions made by Pond, including, among others, assumptions regarding Pond's ability to successfully close subscriptions under the Private Placement, obtaining TSXV acceptance of the Private Placement, compliance with its loan obligations, continued commercialization of Pond's technology, the successful negotiation of licensing, supply and commercial agreements on terms acceptable to Pond, the continued legislative regime in which Pond operates, availability of cost‐effective labour and supplies, the proper functioning of Pond's technology, the quality of the algae produced, the demand for Pond's products, the ability of Pond to successfully compete, cash flow and expenses, and obtaining and maintaining intellectual property protection. Although Pond believes that the expectations and assumptions on which such forward‐looking statements are based are reasonable, undue reliance should not be placed thereon and Pond can give no assurance that they will prove to be correct. By their nature, such forward‐looking statements are subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed, including the risks set forth in Pond's management's discussion and analysis of financial condition and results of operations for its year ended December 31, 2022, and for the interim period ended March 31, 2023, available on Pond's profile on the SEDAR website at .

本新聞稿包含適用證券法所指的前瞻性聲明,包括有關私募的預期結束及其所得款項的使用以及向Grant Thornton償還貸款的聲明。此類前瞻性陳述基於龐德做出的某些關鍵預期和假設,包括對龐德成功完成私募認購的能力、獲得多倫多證券交易所接受私募的認可、遵守其貸款義務、Pond技術的持續商業化、就Pond可接受的條款成功進行許可、供應和商業協議的談判、龐德運營所遵循的持續立法制度、具有成本效益的勞動力的可用性的假設,以及供應、龐德技術的正常運作、所生產的藻類的質量、對龐德產品的需求、Pond 成功競爭的能力、現金流和支出,以及獲得和維護知識產權保護。儘管龐德認爲此類前瞻性陳述所依據的預期和假設是合理的,但不應過分依賴這些期望和假設,龐德也無法保證這些期望和假設會被證明是正確的。就其性質而言,此類前瞻性陳述受各種風險和不確定性的影響,這可能導致實際業績和預期與所表達的預期業績或預期存在重大差異,包括龐德管理層對截至2022年12月31日的年度和截至2023年3月31日的過渡期財務狀況和經營業績的討論和分析中提出的風險,可在SEDAR網站上Pond的個人資料中查閱。

Readers are cautioned not to place undue reliance on this forward‐looking information, which is given as of the date hereof, and to not use such forward‐looking information for anything other than its intended purpose. Pond does not undertake any obligation to update publicly or revise any forward‐looking information, whether as a result of new information, future events or otherwise, except as required by law.

提醒讀者不要過分依賴截至本文發佈之日提供的這些前瞻性信息,也不要將此類前瞻性信息用於其預期目的以外的任何用途。除非法律要求,否則Pond不承擔任何公開更新或修改任何前瞻性信息的義務,無論是由於新信息、未來事件還是其他原因。

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

多倫多證券交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

For further information contact: Grant Smith, Chief Executive Officer, at g.smith@pondtech.com, 416-287-3835 ext. 201; or Thomas Masney at t.masney@pondtech.com.

欲瞭解更多信息,請聯繫:首席執行官格蘭特·史密斯,g.smith@pondtech.com,416-287-3835 分機201;或致電 t.masney@pondtech.com 聯繫托馬斯·馬斯尼。

SOURCE: Pond Technologies Holdings Inc.

來源: 龐德科技控股有限公司


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