TORONTO, December 3, 2019 – Flow Capital Corp. (TSXV: FW) (the “Company”) announced today that it has issued a maturity notice to redeem by paying with cash, on December 31, 2019 (the “Maturity Date”), all the outstanding $2,958,000 of principal amount of its 8% convertible unsecured subordinated debentures (TSX:FW.DB.A) and any accrued and unpaid interest up to but not including the Maturity Date (the “Maturity Date Payment”). No action is required by holders to receive the Maturity Date Payment. The Company also advises that the last day for submitting conversion elections is 1 PM (Pacific Standard Time) on Tuesday, December 24, 2019.
The Company intends to use currently available funds to pay the Maturity Date Payment. After allowing for this payment, the Company today has cash available of over $10,000,000.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
1 Adelaide Street East, Suite 3002,
Toronto, Ontario M5C 2V9
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
