Fri. Sep 25th, 2020

Market and Financial News Aggregator

Brattle Street Enters Into Debt Conversion Agreement

4 min read

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

NEW YORK, Sept. 06, 2020 (GLOBE NEWSWIRE) — Brattle Street Investment Corp. (“Brattle Street” or the “Company”) (TSXV:BRTL), announces it has entered into a shares for debt agreement, pursuant to which it will issue an aggregate of 1,000,000 common shares in satisfaction of US$88,000 of indebtedness owed to a service provider. The Company determined to satisfy the foregoing indebtedness with common shares in order to preserve its cash. The transaction is subject to approval of the TSX Venture Exchange (the “Exchange”). In addition, such shares will be subject to a Canadian four-month hold period.

Forward-Looking Statements ‎

Certain statements contained in this press release constitute “forward-looking information” as such ‎term is ‎defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, ‎‎”should”, “potential”, ‎‎”will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and ‎similar expressions as they relate ‎to the Company, including: closing of the transaction; are intended to ‎identify forward-looking information. All statements other ‎than statements of historical fact may be forward-‎looking information. Such statements reflect the ‎Company’s current views and intentions with respect to future ‎events, and current information ‎available to the Company, and are subject to certain risks, uncertainties and ‎assumptions, including, ‎without limitation: the conditions to closing of the transaction  being satisfied, including obtaining all necessary approvals for the transaction. Material factors or ‎assumptions were applied in providing forward-looking information. Many ‎factors could cause the ‎actual results, performance or achievements that may be expressed or implied by such ‎forward-‎looking information to vary from those described herein should one or more of these risks or ‎uncertainties ‎materialize. These factors include, without limitation: changes in law, competition, ‎the ability to implement ‎business strategies and pursue business opportunities; state of the capital ‎markets; the availability of funds and ‎resources to pursue operations; dependence on debt markets ‎and changes in interest rates and credit conditions; ‎currency exchange rate fluctuations; demand ‎for the lending products the Company offers at interest rates higher ‎than at which the Company can ‎borrow; a novel business model; granting of permits and licenses in a highly ‎regulated business; ‎difficulty of funding and integrating newly acquired businesses; new technologies; low profit ‎market ‎segments; general economic, market and business conditions; underlying risks faced by firms in ‎which the ‎Company may invest; and risks related to COVID-19 including various recommendations, ‎orders and measures of ‎governmental authorities to try to limit the pandemic, including travel ‎restrictions, border closures, ‎non-essential business closures, quarantines, self-isolations, shelters-‎in-place and social ‎distancing, disruptions to markets, economic activity, financing, supply chains ‎and sales channels, ‎and a deterioration of general economic conditions including a possible ‎national or global ‎recession; as well as those risk factors discussed or referred to in the Company’s ‎disclosure documents ‎filed with the securities regulatory authorities in certain provinces of Canada ‎and available at www.sedar.com. ‎Should any factor affect the Company in an unexpected manner, ‎or should assumptions underlying the forward-‎looking information prove incorrect, the actual ‎results or events may differ materially from the results or events ‎predicted. Any such forward-‎looking information is expressly qualified in its entirety by this cautionary statement. ‎Moreover, the ‎Company does not assume responsibility for the accuracy or completeness of such forward-looking ‎‎information. The forward-looking information included in this press release is made as of the date of ‎this press ‎release and the Company undertakes no obligation to publicly update or revise any ‎forward-looking information, ‎other than as required by applicable law.‎

The securities referred to in this news release have not been, nor will they be, registered under the United States ‎Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the ‎account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration ‎requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to ‎buy any securities. Any public offering of securities in the United States must be made by means of a prospectus ‎containing detailed information about the company and management, as well as financial statements. ‎

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

Brattle Street Investment Corp.
Michael Dalsin
Chairman
1 (844) 877-7562
IR@inspirafin.com
www.inspirafin.com

Globe News Wire


2020-09-06 17:45:09


Read more from source here…

Leave a Reply