Business
Sabio Announces Extension of Maturity Date of Previously Issued Debentures
Sabio Announces Extension of Maturity Date of Previously Issued Debentures Canada NewsWir...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n\n\nSabio Announces Extension of Maturity Date of Previously Issued Debentures\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nNot for distribution to the United States wire services or dissemination in or into the United States.TORONTO, Feb. 24, 2026 /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO) (OTCQB: SABOF) (the \"Company\" or \"Sabio\"), further to its news release dated August 25, 2025 announcing the completion of its offering of unsecured debentures (the \"Debentures\") for aggregate gross proceeds of CAD$1,802,850 (the \"Offering\"), announces that it has exercised its option to extend the maturity date of the Debentures by an additional six months (the \"Debenture Extension\"). \nThe original maturity date of the Debentures is February 25, 2026 (the \"Original Maturity Date\"). As a result of the Debenture Extension, the Debentures will now mature on August 25, 2026.In connection with the Debenture Extension, the lenders (being the holders of the Debentures) will be entitled to receive additional bonus common shares in the capital of the Company (each, a \"Bonus Share\") equal to 10% of the principal amount of the Debentures, divided by the greater of: (a) the volume-weighted average trading price of the Company's shares on the TSX Venture Exchange (\"TSXV\") for the 10 consecutive trading days ending on the Original Maturity Date; and (b) the lowest permitted price under the policies of the TSXV. The issuance of the Bonus Shares constitutes a loan bonus under TSXV Policy 5.1 – Loans, Loan Bonuses, Finder's Fees and Commissions. The Company will announce the final number of Bonus Shares once the 10‑day VWAP has been determined.All other terms and conditions of the Debentures, including the interest rate, remain unchanged.The Debenture Extension and the issuance and listing of the Bonus Shares remains subject to acceptance by the TSXV. Any Bonus Shares issued will be subject to applicable hold periods.All securities issued pursuant to the Debenture Extension are subject to a statutory hol...