Organic Garage’s Fiscal 2021 Year End Webcast Available for Replay
Organic Garage Ltd. (TSXV: OG, OTCQX: OGGFF, FRA: 9CW1), one of Canada’s leading independent organic grocers, would like to thank all participants who attended and listened in on the Company’s Fiscal 2021 Year End Financial Results webcast and conference call. Both the webcast and conference call recording are available for playback on the Company website's Investors page.
Playback Conference Call Details
The conference call recording is also available for playback until July 5, 2021 at 12:00 p.m. ET via the following numbers:
Toronto: 1-416-764-8691 English
Montréal: 1-438-798-3291 Français
Toll Free: 1-877-674-6060 English
Playback Passcode: 032246#
Conversion of Debenture Interest into Equity
The Company further announced that, in accordance with the terms and conditions of the convertible debenture issued on October 25, 2019 (the “Debentures”) the Company has agreed, subject to the approval of the TSX Venture Exchange (the “TSXV”) to issue 134,434 common shares (the “Shares”) as settlement of payments of interest equal to $71,250.00 accrued between February 1, 2021 to April 30, 2021.
In a news release dated October 25, 2019, the Company had announced the completion of a private placement offering of the Debentures and the terms of such offering. Such terms include the requirement to pay accrued interest on and during the term of the Debentures to their holders within 30 days of each fiscal quarter by way of issuance of common shares at a conversion price equal to the Market Price (as defined in the polices of the TSXV at the time of conversion, subject to TSXV approval. The Shares will be issued at $0.53 per Share and will be subject to a statutory four-month hold period beginning as of the date of issuance of the Shares. The transaction is subject to the approval of the TSXV.
Lesen Sie auch
About Organic Garage Ltd.
Organic Garage (TSXV: OG, OTCQX: OGGFF, FRA: 9CW1) is one of Canada’s leading independent organic grocers and is committed to offering its customers a wide selection of healthy and natural products at everyday affordable prices. The Company’s stores are in prime retail locations designed to give customers an inclusive, unique and value-focused grocery shopping experience. Founded in 2005 by a fourth-generation grocer, Organic Garage is headquartered in Toronto. The Company is focused on continuing to expand its retail footprint within the Greater Toronto Area. For more information please visit the Organic Garage website at www.organicgarage.com.