(All figures in Canadian dollars unless otherwise noted)
The Convertible Note is expected to convert to equity at a minimum of a 15% discount to the pre-money valuation of TRADE X's next qualified financing round.
This Convertible Note will increase
About Aimia
The company owns a portfolio of investments which include: a 10.85% stake in Clear Media Limited, one of the largest outdoor advertising firms in
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Forward-Looking Statements
This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon our current expectations, estimates, projections, assumptions and beliefs. All information that is not clearly historical in nature, including expectations regarding conversion of the Convertible Note to equity at a minimum of a 15% discount to the pre-money valuation of TRADE X's next qualified financing round, constitute forward-looking statements. Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to us can be found in
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