The Company has satisfied the aggregate accrued interest on the Debentures that was due on
Share Consolidation
The Company also announces that, as a condition of the agreement to extend the maturity date of the Debentures and pursuant to a director’s resolution, it will be consolidating all of its issued and outstanding share capital on the basis of twenty-five (25) pre‐consolidation common shares of the Company for one (1) post‐consolidation share of the Company (the “Consolidation”). No fractional shares will be issued by the Company under the Consolidation and any fraction will be rounded to the nearest whole number. The Consolidation is expected to be effective within 30 days of this announcement.
As a result of the Consolidation, the number of issued and outstanding common shares of the Company is expected to change to approximately 6,397,542. The exercise or conversion price and the number of common shares issuable under any of AGRA’s outstanding convertible securities will be proportionately adjusted upon consolidation. In connection with the Consolidation, the name of the Company will not change and its trading symbol will remain as “AGRA”. The Company’s common shares are expected to begin trading on a consolidated basis and with a new CUSIP number and a new ISIN number on or about
About
For more information about
ON BEHALF OF THE BOARD OF DIRECTORS
E: ir@agraventures.com
T: (800) 783-6056
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan” “expect” “project” “intend” “believe” “anticipate” “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including but not limited to delays or uncertainties with regulatory approvals including that of the CSE. There are uncertainties inherent in forward-looking information including factors beyond the Company’s control. There are no assurances that the business plans for
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