KIRKLAND, QC, Sept. 22, 2016 /CNW Telbec/ - Manitex
Capital Inc. ("Manitex") is pleased to announce that it has
subscribed for and purchased unsecured convertible debentures (the
"Debentures") of Cold Water Fisheries Inc. ("CWF")
for an aggregate principal amount of $700,000 (the "Principal Amount").
The Debentures have a maturity date of March 31, 2019 ("Maturity Date") and the
Principal Amount outstanding under the Debentures is convertible
into common shares of CWF at the option of Manitex at any time
prior to the Maturity Date. The conversion price is calculated
based on a valuation of CWF mutually agreed upon by the
parties.
In addition to the subscription of Debentures, Manitex will
advise CWF on the execution of its
contemplated going public transaction.
About Manitex Capital Inc.
Manitex Capital Inc. invests in promising emerging companies in
diversified sectors including life sciences, cleantech and
sustainable products/technologies. Manitex provides its portfolio
companies with specialized corporate finance and advisory services
including corporate strategy, mergers and acquisitions, public
markets access and financing. Common shares of the company are
listed on the TSX Venture Exchange, trading symbol MNX.V.
About Cold Water Fisheries Inc.
CWF is one of Canada's leading
aquaculture companies with operations in Ontario, Nova
Scotia, Prince Edward
Island and Newfoundland.
The company specializes in the production of premium rainbow and
steelhead trout for markets in Canada and the
United States. CWF maintains a fully vertically integrated
operating platform. The company's production infrastructure
encompasses everything from hatchery facilities and farm sites to
certified processing facilities that produce fresh whole and
fileted trout for leading retailers and distributors.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Manitex Capital Inc.