Oragin Foods Announces Notices of Default on Repayment of Convertible Debentures
The Company and the holders of the Debentures (the “Holders”) have been in discussions leading up to the Maturity Date, however the Holders provided the Notices yesterday evening. Pursuant to the terms of the Debentures, the Company now has 10 business days, the last such day being
The Company intends to continue discussions with the Holders and is also continuing to evaluate options that would allow for the repayment of the Debentures.
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Cautionary Note Regarding Forward-looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate," "achieve," "could," "believe," "plan," "intend," "objective," "continuous," "ongoing," "estimate," "outlook," "expect," "may," "will," "project," "should" or similar words, including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Oragin Foods’ actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law,
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For further information:
T: (416) 479-9547
E: ir@oragin.com
W: www.oragin.com
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