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Toronto, Ontario (Newsfile Corp. - February 18, 2021) - Leviathan Natural Products Inc . (CSE: EPIC) (the Company or Leviathan ) is pleased to announce that it has amended the terms of its $7.5M unsecured, term loan credit facility to extend the maturity date, reduce the frequency of interest payments, and to capitalize certain interest payments into the principal amount of the credit facility. Effective immediately, the maturity date of the credit facility has been extended to December 31, 2023 (from October 15, 2021); interest payments are now only be payable on December 31 of each year during the term (from once every four months); and the interest payments due August 31, 2020 and December 31, 2020 have been capitalized into the principal amount of the credit facility. The terms of the credit facility, as previously amended, were initially disclosed in the Company s news releases of October 31, 2019 and October 5, 2020, otherwise remain the same.
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Leviathan Natural Products Inc.: Leviathan Natural Products Announces Repricing and Extension of Warrants
Company or
Leviathan ) announced today that it has repriced and extended the expiry date of an aggregate of 15,000,000 outstanding private placement warrants expiring in December 2020. The warrants were issued pursuant to a private placement financing that closed in several tranches in July 2018, and were originally set to expire in July 2020. The warrants were extended and repriced on June 19, 2020. On December 8, 2020, the CSE granted Leviathan an exemption which allowed the Company to conduct a second repricing and extension of the warrants. The warrants will be repriced from $0.75 to $0.60 and the expiry date extended to December 31, 2021. All other terms of the warrants remain unchanged.