Toronto, Ontario–(Newsfile Corp. – October 14, 2020) – Interactive Capital Partners Corporation (the “Company“) announces that, pursuant to the terms of a secured convertible promissory note dated May 29, 2018 in the principal amount of $200,000, as amended (the “Promissory Note“), the Company has converted the Promissory Note and issued 10,000,000 common shares in the capital of the Company (the “Conversion“).
In connection with the Conversion, 2673954 Ontario Inc., a corporation controlled by Chris Irwin, acquired 8,400,000 common shares of the Company. As a result of the Conversion, Mr. Irwin owns and controls 8,400,000 common shares of the Company, representing 56% of the issued and outstanding common shares of the Company on a non-diluted basis. Prior to the Conversion, Mr. Irwin did not own or control any common shares of the Company.
Mr. Irwin has a long-term view of the investment and may acquire additional securities of the Company, including on the open market or through private acquisitions, or sell securities of the Company, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of Mr. Irwin’s early warning report will appear on the Company’s profile on SEDAR and may also be obtained by calling (416) 361-2515 (217 Queen Street West, Suite 401, Toronto, Ontario M5V 0R2).
For further information, please contact:
Chief Executive Officer
Tel: (416) 361-2820
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.
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