RYU Applies to Extend Warrant Expiry Dates
RYU Applies to Extend Warrant Expiry Dates
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FSE: RYA) ("RYU" or the "Company"), announces that it is applying to the TSX Venture Exchange (the "TSXV" or "Exchange") to extend the expiry date of 13,709,612 common share purchase warrants (the "Warrants") issued by the Company in connection with a private placement financing that closed on December 22, 2020. The original term of the Warrants was two years and currently expires on December 22, 2022. The Company proposes to extend the expiry date to December 22, 2025 (the "Warrant Extension"). No other terms of the Warrants are to be amended and the exercise price remains at $0.08. The proposed amendment of the Warrants is subject to TSXV approval.
温哥华，不列颠哥伦比亚省-(Newsfile Corp.-2022年12月1日)-Ryu Apparel Inc.(TSXV：RYU)(OTCQB：RYPPF)(FSE：RYA)(“Ryu“或”公司)，宣布正在向多伦多证券交易所创业板(TSX)申请TSXV“或”交易所“)延长13,709,612份普通股认购权证的到期日认股权证由本公司发行，与2020年12月22日结束的私募融资有关。认股权证的原有期限为两年，现于2022年12月22日到期。本公司建议将到期日延长至2025年12月22日(搜查令 延拓“)。认股权证的其他条款将不会修订，而行使价仍为0.08美元。权证的建议修订须待TSXV批准。
Certain of the Warrants are held by parties who are considered to be "related parties" of the Company (such warrants, the "Related Party Warrants"). Therefore, the amendment of the Related Party Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon because neither the fair market value of the Related Party Warrants nor the fair market value of the consideration paid for the Related Party Warrants exceeds 25% of the market capitalization of the Company. A material change report in respect of this related party transaction will be filed by the Company. The extension of the Warrants would only be effective upon TSXV approval and receipt of the requisite confirmation from the holders of the Warrants.
若干认股权证由被视为本公司“关连人士”的人士持有(该等认股权证、“关联方认股权证”)。因此，对关联方认股权证的修订构成了多边文书61-101《特别交易中少数股东保护》和TSXV政策5.9-特别交易中少数股东保护所设想的“关联方交易”。然而，由于关联方认股权证的公平市值或为关联方认股权证支付的代价的公平市值均不超过本公司市值的25%，因此可以信赖本准则规定的豁免正式估值和少数股东批准的要求。本公司将提交有关本次关联方交易的重大变更报告。认股权证的延期只有在TSXV批准并收到认股权证持有人的必要确认后才有效。
On Behalf of the Board,
RYU Apparel Inc.
"Cesare Fazari"
Cesare Fazari, CEO
Tel: 416-434-5750
我谨代表董事会，
柳氏服饰有限公司。
《塞萨尔·法扎里》
Cesare Fazari，首席执行官
电话：416-434-5750
Corporate Communications
investors@ryu.com
About RYU Apparel Inc.
企业通信
邮箱：Investors@ryu.com
关于柳氏服饰公司
RYU (TSXV: RYU) (OTCQB: RYPPF), or Respect Your Universe, is an award winning urban athletic apparel and accessories brand engineered for active lifestyles. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance. For more information, please visit the RYU website at:
RYU(TSXV：RYU)(OTCQB：RYPPF)，或尊重你的宇宙，是一个获奖的城市运动服装和配饰品牌，专为积极的生活方式而设计。Ryu的设计不会在适合性、舒适性和耐用性上妥协，它的存在是为了促进最佳的人类表现。欲了解更多信息，请访问Ryu网站：
Our multi-purpose products are engineered for both performance and everyday wear. Made with high quality materials and innovative techniques, we craft products for your every step, every stroke and every stride. No distractions, only progression. Our products are designed, developed and tested at our corporate headquarters in Vancouver, BC, Canada. Production takes place in factories located in North America and Asia.
我们的多功能产品专为高性能和日常穿戴而设计。我们用高品质的材料和创新的技术，为您的每一步、每一划、每一步精心制作产品。没有分心，只有进步。我们的产品是在我们位于加拿大卑诗省温哥华的公司总部设计、开发和测试的。生产在北美和亚洲的工厂进行。
Forward Looking Statements Disclaimer
前瞻性声明免责声明
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.
多伦多证券交易所创业板交易公司及其监管服务提供商(该术语在多伦多证券交易所创业板交易公司的政策中定义)对本新闻稿的充分性或准确性承担责任。
This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as the proposed Warrant Extension transaction and Exchange approval thereof. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) the inability of RYU to close the Warrant Extension transaction; or (iii) the Exchange not approving the Warrant Extension transaction. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.
本新闻稿包含涉及有关未来事件的各种风险和不确定因素的前瞻性信息。此类前瞻性信息可能包括但不限于基于当前预期的陈述，涉及许多风险和不确定因素，不能保证RYU的未来表现，例如建议的认股权证延期交易及其交易所批准。存在许多风险和不确定性，可能会导致实际结果和Ryu的计划和目标与前瞻性信息中所表达的大不相同，包括：(I)不利的市场状况；(Ii)Ryu无法完成认股权证延期交易；或(Iii)交易所不批准认股权证延期交易。实际结果和未来事件可能与此类信息中预期的大不相同。这些以及随后的所有书面和口头前瞻性陈述都是基于管理层对它们作出日期的估计和意见，并明确地完整地受到本通知的限制。除法律另有规定外，Ryu不打算更新这些前瞻性陈述。
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