Article content material
SOL GLOBAL REDUCES PRINCIPAL AMOUNT OF CREDIT FACILITY FROM $50 MILLION TO $5.518 MILLION AND CONTINUES REPAYMENT ON A REGULAR BASIS
TORONTO — SOL World Investments Corp. (the “Firm” or “SOL World”) (CSE: SOL) (OTCQ SOLCF) (Frankfurt: 9SB) is happy to announce that it has repaid an extra $1.100 million towards its $50 million credit score facility with an arm’s size lender (the “Credit score Facility”), decreasing the principal quantity of the Credit score Facility to $5.518 million. SOL World intends to proceed making principal funds in the direction of the Credit score Facility regularly and can present additional updates of fabric modifications respecting the Credit score Facility, together with any extra funds.
Article content material
This press launch comprises “forward-looking data” throughout the which means of relevant securities legal guidelines. All statements contained herein that aren’t clearly historic in nature might represent forward-looking data. Ahead-looking data is predicated upon sure materials assumptions that have been utilized in drawing a conclusion or making a forecast or projection, together with administration’s perceptions of historic developments, present circumstances and anticipated future developments, in addition to different concerns which can be believed to be acceptable within the circumstances. Whereas we take into account these assumptions to be affordable based mostly on data at the moment accessible to administration, there isn’t any assurance that such expectations will show to be right.
By their nature, forward-looking data is topic to inherent dangers and uncertainties that could be common or particular and which give rise to the chance that expectations, forecasts, predictions, projections or conclusions won’t show to be correct, that assumptions is probably not right and that goals, strategic targets and priorities won’t be achieved. A wide range of components, together with recognized and unknown dangers, lots of that are past our management, may trigger precise outcomes to vary materially from the forward-looking data on this press launch. There isn’t a assurance that SOL World will be capable to proceed to make funds or servicing different obligations beneath the Credit score Facility, or its different present or future debt, on the anticipated timeline, within the method described or in any respect. Extra danger components respecting SOL World may also be present in SOL World’s present Administration’s Dialogue & Evaluation, which has been filed on SEDAR and will be accessed at www.sedar.com. Readers are cautioned to think about these and different components, uncertainties and potential occasions fastidiously and to not put undue reliance on forward-looking data.
The forward-looking data contained herein is made as of the date of this press launch and is predicated on the beliefs, estimates, expectations and opinions of administration on the date such forward-looking data is made. SOL World undertakes no obligation to replace or revise any forward-looking data, whether or not on account of new data, estimates or opinions, future occasions or outcomes or in any other case or to clarify any materials distinction between subsequent precise occasions and such forward-looking data, besides as required by relevant regulation.
SOL World Investments Corp.
Paul Kania, CFO
Cellphone: (212) 729-9208
E mail: [email protected]
For media inquiries, please contact:
Angela Trostle Gorman
E: [email protected]