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    SBD   CA78412Y1034

SBD CAPITAL CORP.

(SBD)
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SBD Capital Announces Non-Brokered Financing

03/10/2021 | 06:05pm EST

Toronto, Ontario--(Newsfile Corp. - March 10, 2021) -  SBD Capital Corp. (CSE: SBD), (the "Company") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $750,000 through the issuance of up to 30,000,000 units in the capital of the Company (the "Units") at a price of $0.025 per Unit (the "Offering"). Each Unit shall consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at a price of CDN$0.05 per Common Share for a period of four (4) years from the date of issuance.

Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

On behalf of the Board,
SBD Capital Corp.
Aleem Nathwani, Chief Executive Officer
(416) 361-2515

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76806


© Newsfilecorp 2021
All news about SBD CAPITAL CORP.
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03/10SBD Capital Announces Non-Brokered Financing
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2020SBD Capital Corp. Seeks Alternatives to Reduce Debt
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Financials
Sales 2021 0,02 M 0,02 M 0,02 M
Net income 2021 -0,20 M -0,16 M -0,16 M
Net Debt 2021 0,41 M 0,32 M 0,32 M
P/E ratio 2021 -4,50x
Yield 2021 -
Capitalization 1,65 M 1,29 M 1,29 M
EV / Sales 2020 28,3x
EV / Sales 2021 63,5x
Nbr of Employees -
Free-Float 22,8%
Chart SBD CAPITAL CORP.
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Managers and Directors
Aleem Nathwani Chief Executive Officer & Director
Arvin Ramos Chief Financial Officer
Daniel Devindra Nauth Director
Kyler Samuel Anthony Hardy Director
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