Maritime Launch Services Announces Two Year Extension of Convertible Debentures, Private Placement Financing and Delay in Filing Interim Financial Statements

HALIFAX, Nova Scotia -- Maritime Launch Services Inc. (Cboe CA: MAXQ, OTCQB: MAXQF) (the “Company”) is pleased to announce that it has reached an agreement in principle with the holders of its outstanding convertible debentures dated May 7, 2021 (as amended) and the holders of its outstanding convertible debentures dated December 7, 2023, to extend the maturity date of all outstanding convertible debentures to December 7, 2026 (previously December 7, 2024). As a condition of the extension, the Company will be redeeming a portion of the convertible debentures, to be paid out of the proceeds of a private placement financing. In addition, the Company will be issuing 4,830,105 common shares, in aggregate, from Treasury to the debenture holders, as an extension fee. Read More