Business
Wildpack Provides Update Regarding Warrant Issuance to Sandton Capital Partners
VANCOUVER, BC / ACCESSWIRE / December 1, 2023 / Wildpack Beverage Inc. (TSXV:CANS)(OTC Pink:WLDP...
About this update from Wildpack Beverage Inc.
[{"type":"text","content":"Wildpack Provides Update Regarding Warrant Issuance to Sandton Capital Partners VANCOUVER, BC / ACCESSWIRE / December 1, 2023 / Wildpack Beverage Inc. (TSXV:CANS)(OTC Pink:WLDPF) (\"Wildpack\" or the\"Company\"), a leading middle market co-packer in the US of canned goods announces that, further to its news release dated October 11, 2023 announcing the closing of an amendment to its term loan with Sandton Capital Solutions Master Fund V, LP (the \"Lender\"), an affiliate of Sandton Capital Partners, L.P. (\"Sandton\"), the Company has obtained the approval of the TSX Venture Exchange for the grant of warrants (the \"Warrants\") to the Lender. The Warrants are exercisable into 5.625% of the equity of the Company's wholly owned subsidiary, Thirsty Cat LLC, which holds substantially all the assets of the Company, at a nominal exercise price.The grant of the Warrants supersedes the grant by Mitchell Barnard, Chief Executive Officer of Wildpack, to the Lender of an option (the \"Option\") to acquire at nominal value his outstanding Common shares of the Company, being an aggregate of 3,546,753 Common shares, inclusive of 1,687,500 Common shares which may be issuable upon the vesting of restricted share units held by Mitchell Barnard. As a result of the grant of the Warrants, the Option has been terminated and cancelled.Per: \"Mitch Barnard\"Mitch BarnardChief Executive Officer and DirectorFor further information, please contact us at:[email protected] ClareVice President, Investor [email protected] Martineau DuMoulin LLP is the legal advisor to Wildpack Beverage Inc.Visit our investor website at:https://investor.wildpackbev.comAbout WildpackWildpack provides beverage manufacturing and packaging to the middle market by providing sustainable aluminum can filling, decorating, packaging, brokering, sleeve/label printing services, and logistics to brands throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of six facilities in Baltimore, Maryland; Grand Rapids, Michigan; Atlanta, Georgia; Longmont, Colorado; Sacramento, California; and Las Vegas, Nevada with a focus on digital innovation and green ready-to-drink packaging. Wildpack commenced trading on the TSX Venture Exchange under the symbol \"CANS\" on May 19, 2021.Neither the TSX Vent...