on Final Bell Holdings International Ltd. (NASDAQ:BZAM)
Final Bell Holdings International Announces Update Regarding Rights Offering
Vancouver, BC / ACCESSWIRE / September 10, 2024 - Final Bell Holdings International Ltd. ("Final Bell") has announced measures to settle up to US$625,000 in outstanding debt through the exercise of share purchase rights in its ongoing Rights Offering.
A significant shareholder and creditor may settle a working capital loan up to US$250,000 by exercising their share purchase rights. Additionally, a company controlled by a director of Final Bell will settle up to US$375,000 of a US$400,000 bridge loan connected to the Company's ongoing legal challenges under the Companies' Creditors Arrangement Act in Canada.
No discounts or preferential terms will be provided to these creditors, and the terms of the Rights Offering remain unchanged. The offering will expire at 5:00 p.m. (Toronto time) on September 10, 2024. Full details are available on www.sedarplus.ca.
R. P.
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