Capitalight Agrees to Acquire Stone Debentures FOR Shares
CAPITALIGHT AGREES TO ACQUIRE STONE DEBENTURES FOR SHARES
Toronto, ON – July 9, 2021
IC Capitalight Corp. (CSE:IC) (“Capitalight” or the “Company”) announces that a related party has acquired
156 debenture units of Stone Investment Group Limited [CUSIP 861649AA 9] (“Stone Debentures”) at a
price of $700 per debenture unit from clients of Rothenberg Capital Management Inc. (“Rothenberg”) in
exchange for free-trading common shares of Capitalight at a market price of $0.07 per share. Capitalight
intends to acquire these units from the related party on similar terms.
Capitalight is already the largest known holder of Stone Debentures. The Company has continually acquired
Stone Debentures since its initial investment position in 2019. E ach Stone Debenture has a principal of
$1,000 and is paying 7.5% interest per annum. The Stone Debentures were issued in 2006 and following
various extensions, are currently expected to mature on December 28, 2021.
“After reviewing the business plans of IC Capitalight Corp., we recommended that our clients accept the
offer since it will provide immediate liquidity while preserving the opportunity for growth” said Robert
Rothenberg, CEO, of Rothenberg Capital Management Inc.
Rothenberg is a holistic weal th management firm in Canada with offices located throughout the Montreal
region, Calgary, Kelowna and Ottawa. They are licensed through IIROC, the AMF and are members of the
Canadian Investor Protection Fund. The firm has been supporting Canadians in reac hing their financial
goals for over 35 years and has assets under administration of approximately $1 billion.
For each $1,000 of Stone D ebentures that were exchanged Rothenberg clients received $700 of free-
trading Capitalight shares . The Rothenberg clients also crystalize d a $300 capital loss from each
disposition. Since IC Capitalight Corp. shares are eligible for registered accounts , whereas Stone
Debentures are not eligible, Rothenberg clients that contribute the Capitalight shar es into a registered
account may realize an additional tax credit. As a result, the combination of Capitalight shares and tax
credits could exceed the $1,000 face value of each Stone Debenture.
Holders of Stone Debentures interested in exchanging or selling should call Capitalight at (866) 653-9223.
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 current investment p ortfolio includes shares of Ethos
Gold Corp. [ECC.tsxv] and Stone Debentures generat ing positive cash flows on a quarterly basis. The
Capitalight Research Inc. subsidiary operates a proprietary subscription research business focused on
preferred shares, gold, decarbonization, silver and economies. The portfolio of Quebec mineral exploration
claims for Cu-Ni-Pt-Pd at Blue Lake are at an early stage of exploration. To learn more about the Company
please visit http://www.capitalight.co or contact us at: [email protected]
Brian Bosse
Director
P: 866.653.9223
Disclaimer for Forward‐Looking Information
This news release includes certain “forwar d‐looking statements” under applicable Canadian securities
legislation that are not historical facts. Forwar d‐looking statements involve risks, uncertainties, and other
factors that could cause actual results, performance, prospects, and opportunities to differ materially from
those expressed or implied by suc h forward‐looking statements. Forward‐looking statements in this news
release include, but are not limited to, statements regarding: (i) the debentures; (ii) the mineral
exploration properties; and (iii) the operations of Capitalight Research Inc. Forward‐looking statements are
necessarily based on a number of es timates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors that may cause actual results and
future events to differ materially from those express ed or implied by such forward ‐looking statements.
Such factors include, but are not limited to: general business, economic and social uncertainties; litigation,
legislative, environmental and other judicial, regulatory, political and competitive developments; and
other risk s outside of the Company’s control. Additional risk factors are inc luded in the Company ’s
Management’s Discussion and Analysis, available under the Company’s profile on SEDAR at
www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the
forward‐looking statements are reasonable, undue reliance should not be placed on these statements ,
which only apply as of the date of this news release, and no as surance can be given that suc h events
will occur in the disclosed time frames or at all. Except as required by applicable laws, the Company
disclaims any intention or obligation to update or revise any forward ‐looking statement, whether as a
result of new information, future events, or otherwise.