ZipLocal Inc. Extends Maturity Date of Convertible Debentures
03 April 2014 - 1:03AM
Marketwired
ZipLocal Inc. Extends Maturity Date of Convertible Debentures
TORONTO, ONTARIO--(Marketwired - Apr 2, 2014) - ZipLocal Inc.
(the "Company") (TSX-VENTURE:ZIP.H) announced today that the
maturity date of all outstanding 10% unsecured convertible
debentures of the Company (collectively, the "Debentures"),
originally issued on April 5, 2012 or December 18, 2012, has been
extended from April 5, 2014 to April 5, 2017.
The maturity date of
the Debentures was extended in accordance with the terms thereof,
including the requirement to obtain written consent for the
amendment from holders of outstanding Debentures holding greater
than 75% of the outstanding obligations owing by the Company
thereunder. All other terms and conditions of the Debentures shall
remain in full force and effect as originally written.
The amendment of the
Debentures remains subject to receipt of final TSX Venture Exchange
approval.
About ZipLocal Inc.
ZipLocal Inc. is
listed on the NEX Board of the TSX Venture Exchange.
NEITHER THE
TSX-VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX-VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
ZipLocal Inc.Kevin DanePresident(416)
361-4771kdane@wildlaw.ca
(TSXV:ZIP.H)
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