MRO Magazine

Sigma Industries Announces the Replacement of Convertible Debentures

October 28, 2015
By Marketwired News

SAINT-EPHREM-DE-BEAUCE, QUEBEC–(Marketwired – Oct. 28, 2015) – Sigma Industries Inc. (“Sigma” or the “Company”) (TSX VENTURE:SSG) today announces that it has asked the TSX Venture Exchange to approve the replacement of two series of secured debentures with a total nominal value of $745,000 and convertible into 7,450,000 units. The terms of 4,000,000 of these units are as follows: each unit consists of one common share at $0.10 per share and one warrant, each warrant entitling the holder to subscribe to one common share at $0.10 per share. The remaining 3,450,000 units are identical except for the subscription price of the warrants, which is set at $0.12 per share. The convertible debentures were subscribed by insiders of the Company in November 2010 and May 2012.

The terms and conditions of the convertible debentures remain unchanged in regards to the conditions previously-announced on April 30, 2015 with the exception of the maturity date, which has been deferred by five years to November 10, 2020, instead of one year or November 10, 2016.


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.
Denis Bertrand
President and Chief Executive Officer
(418) 484-5282