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. - October 6, 2023) - FinCanna Capital Corp. (CSE: CALI.X) (OTC Pink: 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. The Company has elected to issue shares to satisfy convertible debenture interest payments due October 6, 2023 and October 10, 2023 (the "Interest Payment Dates").
安大略省多倫多-(Newsfile Corp.-2023年10月6日)-FinCanna Capital Corp. (CSE：CALI.X)(場外粉色：FNNZF)(“芬卡納“或”公司“)宣佈已獲債券持有人批准修訂其尚未發行的可轉換債券，以便在最多連續兩個季度內根據可轉換債券支付利息，以滿足發行本公司普通股的需要。本公司已選擇發行股份以支付2023年10月6日及2023年10月10日到期的可轉換債券利息(”付息日期“)。
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.
本公司曾於2019年2月及2020年7月發行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日及2024年2月8日到期，年息為12%。
The Common Shares are issuable at $0.005 per Common Share on the Interest Payment Dates.
在付息日，普通股可以每股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 Convertible Debenture 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.
發行普通股作為對債券的利息支付須遵守可轉換債券契約的條款和條件，以及收到所有必要的批准，包括但不限於加拿大證券交易所(“CSE“)。如聯交所要求，作為債券利息對價而發行的普通股將帶有適當的圖例。
About FinCanna Capital Corp.
關於FinCanna資本公司
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，為在獲得許可的美國大麻行業運營的快速崛起的私人公司提供增長資本。FinCanna不再擁有活躍的業務運營。欲瞭解更多資訊，請訪問FinCanna的個人資料。
FinCanna Capital Corp.
Vern Vipul, CEO and Director
416-545-9103
vvipul@wealthstewards.ca
FinCanna Capital Corp.
弗恩·維普爾，董事首席執行官
416-545-9103
郵箱：vvipul@richthstewards.ca
Forward-Looking Information
前瞻性資訊
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定義的“前瞻性資訊”和“前瞻性陳述”(統稱為“前瞻性資訊”)。前瞻性資訊是基於管理層目前的預期和信念，會受到一些風險和不確定因素的影響，這些風險和不確定因素可能導致實際結果與前瞻性陳述中描述的大不相同。本新聞稿中的前瞻性資訊包括有關債券修訂細節的聲明。
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資訊，FinCanna對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；新的管理團隊成功重組FinCanna的能力，以及持續的經濟和市場穩定。雖然FinCanna認為這些假設是合理的，但這些假設本身就受到重大商業、經濟、競爭、市場和社會不確定性和意外事件的影響。
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，存在已知和未知的風險因素，可能導致FinCanna的實際結果、業績或成就與本文中包含的前瞻性資訊明示或暗示的任何未來結果、業績或成就大不相同。已知的風險因素包括：監管備案可能沒有及時提交或批准，或者根本沒有；FinCanna可能沒有及時實施合併，或者根本沒有。關於FinCanna面臨的風險和不確定性的更完整的討論，在FinCanna最近提交給加拿大證券監管機構的關於SEDAR的管理層討論和分析以及其他連續披露中披露，網址為：。
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.
本文中的所有前瞻性資訊均受本警示聲明的約束，FinCanna沒有義務修改或更新任何此類前瞻性資訊或公開宣佈對本文中包含的任何前瞻性資訊的任何修改結果，以反映未來的結果、事件或發展，除非法律另有要求。
To view the source version of this press release, please visit
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。