The Good Flour Corp. Announces Loan Amendment
The Good Flour Corp. (GFCOF) has amended its loan agreement with an arm's-length lender, increasing the borrowing limit to $1,250,000 through requested drawdowns. The loans will carry a 10% annual interest rate, are unsecured, and mature on July 31, 2025.
As part of the agreement, GFCOF will issue up to 1,785,700 additional share purchase warrants to the lender, vesting pro-rata with each loan advance. Each warrant allows purchase of one class 'A' common share at $0.14 until March 15, 2029. The total Bonus Warrants under the loan now stand at 8,928,500. The non-revolving facility's proceeds will be used for general corporate and working capital purposes.
The Good Flour Corp. (GFCOF) ha modificato il suo accordo di prestito con un prestatore indipendente, aumentando il limite di prestito a $1.250.000 attraverso richieste di prelievo. I prestiti avranno un tasso di interesse annuale del 10%, sono non garantiti e scadranno il 31 luglio 2025.
Come parte dell'accordo, GFCOF emetterà fino a 1.785.700 ulteriori warrant di acquisto azionario al prestatore, che matureranno pro-rata con ogni anticipazione del prestito. Ogni warrant consente l'acquisto di un'azione ordinaria di classe 'A' a $0,14 fino al 15 marzo 2029. Il totale dei Bonus Warrants sotto il prestito è ora di 8.928.500. I proventi della struttura non revolving saranno utilizzati per scopi aziendali generali e per il capitale circolante.
The Good Flour Corp. (GFCOF) ha modificado su acuerdo de préstamo con un prestamista independiente, aumentando el límite de préstamo a $1,250,000 a través de solicitudes de desembolso. Los préstamos tendrán una tasa de interés anual del 10%, son no garantizados y vencerán el 31 de julio de 2025.
Como parte del acuerdo, GFCOF emitirá hasta 1,785,700 garantías adicionales de compra de acciones al prestamista, que se consolidarán pro-rata con cada avance del préstamo. Cada garantía permite la compra de una acción ordinaria de clase 'A' a $0.14 hasta el 15 de marzo de 2029. El total de las Garantías Bonificadas bajo el préstamo ahora asciende a 8,928,500. Los ingresos de la instalación no renovable se utilizarán para fines corporativos generales y de capital de trabajo.
The Good Flour Corp. (GFCOF)는 독립적인 대출자와의 대출 계약을 수정하여 대출 한도를 $1,250,000로 늘렸습니다. 대출은 연 10%의 이자율이 적용되며, 담보가 없고 2025년 7월 31일에 만료됩니다.
계약의 일환으로 GFCOF는 대출자에게 최대 1,785,700개의 추가 주식 매수 보증서를 발행하며, 각 대출 금액에 따라 비례적으로 부여됩니다. 각 보증서는 $0.14에 클래스 'A' 보통주를 구매할 수 있는 권리를 부여하며, 2029년 3월 15일까지 유효합니다. 대출에 따른 총 보너스 보증서는 현재 8,928,500개입니다. 비회전 시설의 수익은 일반 기업 및 운영 자본 목적에 사용될 것입니다.
The Good Flour Corp. (GFCOF) a modifié son contrat de prêt avec un prêteur indépendant, augmentant la limite d'emprunt à $1,250,000 par le biais de tirages demandés. Les prêts porteront un taux d'intérêt annuel de 10%, sont non garantis et arriveront à échéance le 31 juillet 2025.
Dans le cadre de l'accord, GFCOF émettra jusqu'à 1,785,700 bons de souscription d'actions supplémentaires au prêteur, qui seront acquis au prorata de chaque avance de prêt. Chaque bon permet d'acheter une action ordinaire de classe 'A' au prix de $0,14 jusqu'au 15 mars 2029. Le total des Bons de Souscription sous le prêt s'élève désormais à 8,928,500. Les produits de l'installation non renouvelable seront utilisés à des fins générales de l'entreprise et de fonds de roulement.
The Good Flour Corp. (GFCOF) hat seine Kreditvereinbarung mit einem unabhängigen Kreditgeber geändert und das Kreditlimit auf $1.250.000 durch beantragte Abrufe erhöht. Die Kredite werden mit einem jährlichen Zinssatz von 10% versehen, sind unbesichert und laufen am 31. Juli 2025 aus.
Im Rahmen der Vereinbarung wird GFCOF bis zu 1.785.700 zusätzliche Aktienkaufwarrants an den Kreditgeber ausgeben, die pro-rata mit jedem Kreditvorschuss fällig werden. Jeder Warrant ermöglicht den Kauf einer 'A'-Klasse Stammaktie zu $0,14 bis zum 15. März 2029. Die Gesamtzahl der Bonus-Warrants unter dem Kredit beträgt nun 8.928.500. Die Erlöse aus der nicht revolvierenden Anlage werden für allgemeine Unternehmens- und Betriebskapitalzwecke verwendet.
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Vancouver, British Columbia--(Newsfile Corp. - April 10, 2025) - The Good Flour Corp. (CSE: GFCO) (OTC Pink: GFCOF) (FSE: 3KZ) ("GFCO" or the "Company") announces that it has further amended the loan agreement (the "Loan Agreement") with an arm's-length lender (the "Lender"), originally announced on March 8, 2024, to increase the principal amount the Company may borrow to up to
The facility is non-revolving. The Company intends to use any funds advanced as Loans for general corporate and working capital purposes. In connection with making the loan facility available, the Company has agreed to issue up to an additional aggregate of 1,785,700 share purchase warrants (each, a "Bonus Warrant") to the Lender, with such Bonus Warrants vesting on a pro rata basis upon advance of each Loan pursuant to the Loan Agreement. Each Bonus Warrant will be exercisable into one (1) class "A" common share (each, a "Bonus Warrant Share") at a price of
About The Good Flour Corp.
For additional information on The Good Flour Corp. please refer to www.goodflour.co.
Company Contact
investors@goodflour.co
604-423-4400
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events related to GFCO that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, the terms of the Loan and the use of proceeds from the Loan.
In certain cases, forward-looking information can be identified by the use of words such as "expects", "intends", "anticipates" or variations of such words or state that certain actions, events or results "may", "would", or "might" suggesting future outcomes, or other expectations, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, the timely receipt of regulatory approvals and the Company's working capital expectations will be met. While GFCO considers these assumptions to be reasonable, they may be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed by the forward-looking information. Such factors include risks related to general business uncertainties; the sufficiency of our cash to meet liquidity needs; risks associated with supply chain for machinery and equipment; regulatory, political and competitive developments; failure to attract, maintain and expand relationships with key restaurant and food service partners; changing consumer taste preferences; delay or failure to receive regulatory approvals; failure to attract qualified personnel and the additional risks identified in the "Risk Factors" section of GFCO's filings with applicable Canadian securities regulators.
Although GFCO has attempted to identify factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated. Readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, GFCO does not undertake any obligation to publicly update forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247999
FAQ
What are the key terms of GFCOF's amended loan agreement in April 2025?
How many additional warrants is GFCOF issuing under the amended loan agreement?
What is the exercise price and expiration date for GFCOF's new Bonus Warrants?
How will GFCOF use the proceeds from the amended loan facility?
