Wildpack Beverage to Restructure Convertible Debentures

Wildpack Beverage (TSE:CANS) has released an update.

Wildpack Beverage Inc. has announced a plan to restructure its $45 million in convertible unsecured subordinated debentures. The restructuring will involve repurchasing $20 million of the debt for $2 million in cash, delisting the debentures from the TSX Venture Exchange, and converting the remaining debt into common shares at $0.10 each.

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