Sigma Industries Annouces the Early Renewal of Convertible Debentures
By Marketwired News
SAINT-ÉPHREM-DE-BEAUCE, QUEBEC–(Marketwired – May 1, 2015) – Sigma Industries Inc. (“Sigma” or the “Company”) (TSX VENTURE:SSG) today announces the early renewal of two series of convertible debentures worth a total nominal value of $745,000. These convertible debentures had been subscribed by insiders of the Company.
Under the renewal agreement, terms and conditions of the convertible debentures remain unchanged with the exception of the maturity date, which has been deferred by one year to November 10, 2016. Convertibility at $0.10 per share of the extended debentures remains conditional on the approval by the TSX Venture Exchange. The debenture holders whose maturity date has been extended in this manner will receive compensation from Sigma equal to 1.5% of their nominal value.
ABOUT SIGMA INDUSTRIES
Sigma Industries Inc. (TSX VENTURE: SSG), a manufacturing company specializing in the production of composite components, has two operating subsidiaries and employs 375 people. The Company is active in the heavy-duty truck, coach, transit, machinery and wind energy markets. Sigma sells its products to original equipment manufacturers and distributors in the United States, Canada and Europe.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sigma Industries Inc.
President and Chief Executive Officer