TONY G CO-INVT HLDGS LTD - BGRDF STOCK NEWS

Tony G Co-Investment Holdings (CSE: TONY) announced significant management changes effective March 18, 2025. Ron Akram will step down from his positions as CEO and CFO but will remain as a director. The company will appoint Gediminas Klepackas as the new CEO and Douglas Harris as the new CFO.

Tony G Co-Investment Holdings has received a court decision regarding its litigation with European High Growth Opportunities Manco SA (EHGO) in the Ontario Superior Court of Justice. The court ruled that EHGO is not entitled to the $1,288,000 repayment as it was automatically converted to common shares. However, EHGO is entitled to: (1) a daily late issuance fee of $1,000 from June 17, 2022 to February 1, 2024, (2) the positive difference between closing prices after June 17, 2022 and February 1, 2024, and (3) interest at 48.2126% on outstanding amounts. The company is reviewing legal options.

Tony G Co-Investment Holdings (CSE: TONY) has announced the termination of a previously planned share transaction with Sportclothes UAB and UAB 'NTSG'. According to the termination agreement dated December 6, 2024, the Company will retain its 2,000 shares in Sportclothes, and the share exchange agreement from September 7, 2023, will not proceed.

Tony G Co-Investment Holdings announced updates on its transaction with Alclin Manufacturing and Alclin Proprietary, initially disclosed on November 16, 2023. The Company has acquired shares totaling $2.14 million in Alclin and Alclin Manufacturing between November 2023 and May 2024. These acquisitions are part of a broader agreement to purchase up to $5 million in shares. The most recent acquisition, on May 17, 2024, involved 32,340 shares in each company for $323,418.80. This transaction aims to solidify Tony G's investment portfolio.

Tony G Co-Investment Holdings Ltd. announces the resignation of Mr. Andrew Parks as a director, effective February 22, 2024, to focus on his family. The Company expresses gratitude for his contributions and wishes him success in future endeavors.

Tony G Co-Investment Holdings Ltd. (CSE: TONY) has issued 1,312,946 common shares to European High Growth Opportunities Securitization Fund in connection with the automatic conversion of a convertible debenture. The Conversion Shares were issued at a deemed conversion price of $0.98 per share. The Company will classify the $1,288,000 principal amount of the Debenture as equity and no longer as a liability for its accounting and financial reporting purposes. Litigation has been initiated against the Company by the Fund, alleging breach of contract and seeking payment of the sum of $1,288,000, plus interest. The Company has filed its responding materials, denying any further obligation under the Debenture and intending to continue to defend the litigation on this basis.

Tony G Co-Investment Holdings Ltd. has entered into a loan agreement with Antanas (Tony) Guoga for a credit facility of up to CAD$2,000,000. The loan has an interest rate of 12% per annum and is payable by the Maturity Date of January 19, 2029. The Lender, who is also an officer, director, and 10% insider of the Company, can take actions against the Company in case of default. The Loan Agreement was approved by independent members of the Board, and no special committee was established in connection with the Loan Agreement.

CSE: TONY - Tony G Co-Investment Holdings Ltd. Announces Acquisition of Alclin Manufacturing and Alclin Proprietary Limited for US$5,000,000. The transaction involves the purchase of 500,000 ordinary shares in each company, both engaged in the research, development, production, and distribution of DPN™, a naturally occurring co-enzyme with wide global interest. The acquisition aims to support and develop the growing market for DPN™ and related areas, including online commerce.

CSE: TONY - Tony G Co-Investment Holdings Ltd. Announces Appointment of Ron Akram as CEO and Interim CFO. Ron Akram brings over two decades of experience in global markets banking, financial services consulting, and regulated functions. Gediminas Klepackas resigns as CEO and Interim CFO.