Capitalight acquires additional debenture units of Stone Investment Group
Capitalight acquires additional debenture units of Stone Investment Group
NEWS RELEASE – TORONTO, October 29, 2020
IC Capitalight Corp. (CSE: IC) (“Capitalight” or “the Company”), announces it has reached agreements for
the acquisition of additional debenture units of Stone Investment Group Limited [CUSIP 861649AA] (“Stone
Debentures”) at a price of $450 per debenture unit.
Capitalight is the largest known holder of Stone Debentures and currently owns 2,529 debenture units.
Once the new acquisitions are completed, Capitalight is expected to own 2,844 debenture units with a total
par value of $2,844,000 representing approximately 23.7% of the total debenture units issued by Stone
Investment Group Limited.
The Company has been completing acquisitions of Stone Debentures since acquiring its initial investment
position in 2019. The most recent acquisition was completed on September 24, 2020 when the Company
acquired 300 debenture units. All purchases completed in 2020 were made from arms-length third party
sellers via IIROC registrant firms on the same terms.
Each debenture unit consists of a $1,000 debenture and 600 common share purchase warrants exercisable
at $0.68 per common share until maturity of the debenture. The debentures pay 7.5% interest per annum,
payable in cash on a quarterly basis, and mature on December 28, 2021. Additional deferred interest will be
paid to the holders at maturity of the debentures.
Capitalight intends to pursue further acquisitions of Stone Debentures on the same terms.
ABOUT IC CAPITALIGHT CORP.
The Company operates as a merchant bank that pursues value -based investment opportunities in
accordance with its internal investment policies. The investment portfolio, consisting primarily of Stone
Debentures, is generating positive cash flows on a quarterly basis. The Murenbeeld subsidiary, which
operates a proprietary subscription research business focused on the gold and silver sectors and on
Canadian preferred shares is generating recurring revenues. The portfolio of m ineral exploration
properties, consisting of the Blue Lake Cu-Ni-Pt-Pd and Ashuanipi Gold properties, are at an early stage of
exploration.
To learn more about the Company please visit http://www.capitalight.co, call 866.653.9223 or email