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Notice of completion of purchase of part of the issued and outstanding Debentures of Canadian Royalty Funding Company
Hamilton, Bermuda – 30 May, 2016 – In a filing with the Bermuda Stock Exchange (“BSX”), Canadian Royalty Funding Corp (the “Company” or “CRFC”; Ticker: CRFSR.BH) announce the completion of their repurchase of outstanding debentures. The filing stated:
Canadian Royalty Funding Company (“CRFC”) is pleased to advise that has completed the purchase of convertible unsecured senior redeemable debentures of CRFC (the “Debentures”) with a par value of CAD$1,800,000 on Friday, February 26, 2016.
Registered holders (each, a “Holder”) of the Debentures submitted for purchase an aggregate value of CAD$3,347,000. Therefore, CRFC pro-rated the $1,800,000 available across all submitted Debentures at a rate of 54%, rounded down to the nearest $1000, thereby purchasing whole Debentures only.
New certificates have been issued to Holders for the remaining amount of Debentures that were not purchased.
Each Debenture that was repurchased by CRFC has been cancelled and will not be re-issued. The aggregate value of Debentures that remain issued and outstanding is $4,742,000.
Further information about the Company and this release please contact:
Canadian Royalty Funding Corporation
150 King Street West, Suite 1702
Toronto, ON M5H 1J9
Tel: 416 862 7755.