(via TheNewswire)
The convertible debenture bears a 10% per annum coupon and at the holder’s option, can convert to shares at
“FRX has been receiving new orders for its Nofia® product line in December from its existing and new major customers and due to the quality of its customers, was able to convert a portion of these purchase orders into immediate cash at market terms. We will use the funds from the convertible debenture and factoring deal to fund our growth”, said
Neither
About
NOFIA® is a registered trademark of FRX. NOFIA® products are manufactured at its manufacturing facility on the
Cautionary Note Regarding Forward-Looking Statements and Reader Advisory
Certain statements contained in this news release, including, but not limited to, statements with respect to the Offering, the completion of the Offering, the size, amount and type of securities issued under theOffering, participation in the Offering by related parties and the amount of such participation, among other things, and statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, may constitute forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding the Company’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward- looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable based on information available to it, but no assurance can be given that these expectations will prove to be correct.
Contact Information:
Mark Lotz CFO
+1 604-880-6546
mlotz@frxpolymers.com
Mike Goode CCO
+1 765-838-9018
mgoode@frxpolymers.com
FRX Innovations Investor Relations and Media Inquiries
Investor Relations
+1 514-818-0447
Jean-
+1 514-951-2730
+41 76 335 4402
+1 978-505-1275
ir@frx-innovations.com
Media Inquiries
+1 413-684-2463
joe@jgrandecommunications.com
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