Prospect Park Capital Corp. announced that Samuel Herschkowitz (CEO and director), Jeffrey Barnes (director) and Seymour Fein (director) have submitted their resignations and their vacancies have been filled by James Greig (CEO and director) and Toby Pierce (director). The current senior officers of the Company, under the supervision of the board of directors of the Company, will resume the management of the day-to-day operations of the Company.

The company announced that it has issued to six arm's length lenders unsecured promissory notes for an aggregate principal amount of $80,010. The notes have a term of 12 months and bear interest at a rate of 12% per annum payable on maturity. The net proceeds of the financing will be used by the Company to settle outstanding debt and for working capital.