2019. The terms of the Loan were previously announced by the Company on
Suite 1100 – 1111 Melville Street, Vancouver, B.C., Canada, V6E 3V6
Tel. 604-764-6126 Fax. 604-484-7143 | www.fengro.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
FENGRO EXTENDS CONVERTIBLE LOAN TO JULY 31, 2019
JULY 12, 2019 - VANCOUVER, BRITISH COLUMBIA: FENGRO Industries
Corp. (TSX-V:FGR) (“FENGRO” or “the Company”) today announced that it has
entered into an agreement with Tembo Capital Mining Fund LP (“Tembo”)
extending the maturity date of the Company’s convertible debenture in the amount
of $1,079,876 and due on June 30, 2019 (the “Loan”) by one month, until July 31,
2019. The terms of the Loan were previously announced by the Company on
December 12, 2018. The extension is subject to TSX-V approval.
On behalf of FENGRO Industries Corp.
Giles Baynham, Chief Executive Officer and Director
For more information contact:
Email: [email protected]
+1 (604) 764 6126
FORWARD LOOKING STATEMENTS
Certain information contained in this press release constitutes “forward-looking information”, within the
meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as “aims”, “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “target”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or statements that certain actions, events or results “may”, “could”,
“would”, “might” or “will be taken”, “occur ”, “be achieved” or “has the potential to”. Forward looking statements
contained in this press release may include statements regarding the future operating or financial performance
of Fengro which involve known and unknown risks and uncertainties which may not prove to be accurate.
Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-
looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Among those factors which could cause actual results to differ materially are
the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian
securities regulators on SEDAR at www.sedar.c om. The forward-looking statements included in this press
release are made as of the date of this press release and Fengro disclaims any intention or obligation to
update or revise any forward -looking statements, whether as a result of new information, fut ure events or
otherwise, except as expressly required by applicable securities legislation.
Disclosure - The Company’s decision to produce DANF, its DANF production targets and cash flow projections
were not based on a feasibility study of mineral reserves demonstrating economic and technical viability.
Without a technical report demonstrating economic and technical viability, there is uncertainty as to whether
the Company will be able to economically produce DANF in the long run and as to whether t he Company will
be confronted with any unforeseen technical impediments. The Company has now completed a preliminary
economic assessment.
Disclosure - Note that the DANF PEA is preliminary in nature as it includes inferred mineral resources that are
considered too speculative geologically to have the economic considerations applied to them that would enable
them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have
demonstrated economic viability, and as such there is no certainty that the preliminary assessment and
economics will be realized.
Suite 1100 – 1111 Melville Street, Vancouver, B.C., Canada, V6E 3V6
Tel. 604-764-6126 Fax. 604-484-7143 | www.fengro.com
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in
the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of
this press release.