Wildpack Updates on Restructuring Plans

Wildpack Beverage Inc., a key player in the co-packing of canned goods, has provided an update on its proposed restructuring transaction involving outstanding convertible debentures worth $45,007,000. This announcement follows previous releases from July and October 2024, reaffirming plans for a debenture restructuring to address its financial obligations.

The company also detailed its ongoing efforts to secure loans totaling $2,000,000. These funds will assist in repurchasing debentures. To date, Wildpack has secured commitments amounting to $1,730,000 and is striving to procure the remaining $270,000.

Completion of the loan arrangements and debenture repurchase awaits final TSXV approval. The full closure will occur after these financial arrangements are secured.