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Big Rock Brewery Inc. Closing of Private Placement and Debt Settlement

Newswire.ca - Tue Jan 21, 2025

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/

CALGARY, AB, Jan. 21, 2025 /CNW/ - Big Rock Brewery Inc. (TSX: BR) ("Big Rock" or the "Corporation") is pleased to announce the closing of its previously announced settlement (the "Debt Settlement") of all indebtedness and liabilities owing by the Corporation to VN Capital Fund I, LP ("VN Capital"), being the Corporation's lender under its second lien term facility (the "Second Lien Facility"). Big Rock is also pleased to announce the closing of its concurrent private placement (the "Private Placement") of common shares in the capital of the Corporation ("Common Shares") at a price of $1.00 per Common Share for gross proceeds of $8,400,000.

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