The Limestone Boat Company Limited Announces Up To C$2.0 Million Private Placement of Debentures
Summary
The principal amount of the Debentures will bear interest at a rate of 17.0% per annum, which shall be payable on the Maturity Date. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.Certain statements contained in this press release constitute forward-looking information. The use of any of the words "anticipate", "believe", "could" "should", "would", "estimate", "expect", "forecast", "indicate", "intend", "likely", "may", "plan", "potential", "project", "outlook", "seek", "target", "trend" or "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties current belief or assumptions as to the outcome and timing of such future events. Forward-looking statements in this press release include statements regarding the Corporations objectives, goals or future expectations; the use of proceeds of the Private Placement; the ability of the Corporation to complete the Private Placement (if at all) on the terms announced herein; the approval by the Exchange of the issuance of the Private Placement and all matters related thereto; the ability of the Corporation to meet its obligations under the terms of the Debentures and all other obligations related thereto. Unless required by applicable securities law, the Corporation does not intend and does not assume any obligation to update these forward-looking statements.