Sheridan Brothers Trust Announces the Intent to Issue a Principal Amount of Unsecured Notes in the Amount of $200,000
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 12/23/11 -- Sheridan Brothers Trust ("Sheridan", the "Trust", the "Company") intends to issue a principal amount of convertible unsecured notes in the amount of $200,000. The issue is for general working capital purposes and for repayment of loans made by its operating subsidiary Sheridan Brothers L.P..
The notes will bear interest of ten per cent payable semi annually with a term of five years. The notes will also be convertible at the holders option into an equal number of shares at 0.15 per unit of the trust.
Forward-Looking Statements
This press release may contain forward-looking statements, which are subject to risks and uncertainties and other factors that may cause the Company's results to differ materially from expectations. When reviewing the Company's forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. These include risk relating to market fluctuations, investee performance, strength of the North American and European economy, foreign exchange fluctuations and other risks not yet known to the Company.. These forward-looking statements speak only as of the date hereof. Unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update these forward-looking statements. The Company does have an ongoing obligation to disclose material information as it become available. The discussion also includes cautionary statements about these matters. You should read the cautionary statements made as being applicable to all forward-looking statements wherever they appear in this document.
Contacts:
Sheridan Brothers Trust
Michael Sheridan
416-619-2008
416-619-2011 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 24.12.2011 - 01:00 Uhr
Sprache: Deutsch
News-ID 99862
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Investment Opinion
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