Impact Development Group Announces Operational Updates, Change to Board of Directors, and Board Approval of Debt Financing
Impact Development Group Announces Operational Updates, Change to Board of Directors, and Board Approval of Debt Financing
TORONTO, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Impact Development Group Inc. ("IDG" or the "Company") (TSXV: "IMPT"), a leading Panamanian developer of affordable housing solutions, is pleased to announce operational updates relating to its core business of building and delivering affordable homes, the approval of the issuance of secured debentures for proceeds up to USD$4,500,000 (the "Financing"), and changes to the Company's board of directors. Closing of the Financing is subject to approval by the TSX Venture Exchange ("TSX-V").
多倫多,2023年12月29日(GLOBE NEWSWIRE)——巴拿馬領先的經濟適用住房解決方案開發商Impact Development Group Inc.(“IDG” 或 “公司”)(TSXV:“IMPT”)欣然宣佈與建造和交付經濟適用房的核心業務相關的運營最新情況,批准發行收益不超過450萬美元的有擔保債券(“融資”),以及公司董事會的變動。融資的完成須經多倫多證券交易所風險交易所(“TSX-V”)的批准。
Operational Updates:
運營更新:
1,067 Homes Delivered Since Inception:
In continuing its leadership in the development and delivery of affordable homes, IDG is pleased to announce that it has successfully delivered its 1,067th home across all phases at the completed Sona and in-progress Santiago projects. This marks a critical milestone for IDG in establishing a recognized brand with its growing base of affordable housing customers in Panama.
自成立以來交付了1,067套住房:
爲了繼續在經濟適用房的開發和交付方面保持領先地位,IDG很高興地宣佈,它已成功交付了1,067套第四 已完成的索納項目和正在進行的聖地亞哥項目的各個階段都位於家中。這標誌着IDG在巴拿馬建立知名品牌的關鍵里程碑,其經濟適用房客戶群不斷擴大。
Continued Home Delivery Progress at Santiago Project:
Despite home delivery and collection challenges associated with the protests related to the Cobre Panama mine dispute during the month of November, IDG has successfully maintained normal development operations and has resumed home deliveries beginning in December. As of the end of the November, a total of 285 homes have been delivered to customers, accounting for an approximate combined 57% of the Company's development inventory in Phases 4,5 Reserva Social and La Reserva ("Legacy Phases").
聖地亞哥項目持續取得送貨上門進展:
儘管11月份與科佈雷巴拿馬礦山爭端相關的抗議活動帶來了送貨上門和收貨方面的挑戰,但IDG還是成功地維持了正常的開發業務,並從12月開始恢復了送貨上門服務。截至11月底,共向客戶交付了285套住房,佔公司第4,5階段Reserva Social和La Reserva(“傳統階段”)開發庫存的總和約57%。
Reached 172 Pre-Sold Homes at Legacy Phases:
Reflecting strong market demand and customer confidence, IDG is pleased to report that 172 of the 211 homes in development at the Legacy Phases, representing 81% of remaining in-progress inventory, have been pre-sold for delivery in 2024. Including deliveries, the pre-sold homes bring the total sold homes to 457 at the Santiago project, representing 92% of the 496 Legacy Phase homes at various stages of construction and delivery.
在原有階段達到172套預售房屋:
反映強勁的市場需求和客戶信心,IDG高興地報告說,在遺留階段開發的211套房屋中,有172套已預售,佔剩餘在建庫存的81%,將於2024年交付。包括交付量在內,預售房屋使聖地亞哥項目的已售房屋總數達到457套,佔處於不同施工和交付階段的496套傳統階段房屋的92%。
Listing on TSX Venture Exchange
IDG is pleased to report the successful listing of the Company's common shares on the TSX-V. Marking another significant milestone of the Company, IDG's common shares began trading under the symbol "IMPT" on December 12, 2023.
在多倫多證券交易所風險交易所上市
IDG很高興地報告,該公司的普通股已成功在多倫多證券交易所上市。IDG的普通股於2023年12月12日開始交易,股票代碼爲 “IMPT”,這標誌着公司的又一個重要里程碑。
Tom Wenz, Chief Executive Officer and Director of the Company commented: "I am proud of the tremendous progress IDG has achieved in the past year, and I extend my deepest gratitude to our dedicated team. Their unwavering dedication has been evidenced in maintaining operations during a challenging environment posed by the Cobre Panama protests and successfully achieving new home delivery and pre-sales milestones. I look forward to our team's continued success as a publicly traded company on the TSX-V as we reinforce our commitment to transparency and accountability while opening new avenues for growth."
公司首席執行官兼董事湯姆·溫茲評論說:“我爲IDG在過去一年中取得的巨大進展感到自豪,並對我們敬業的團隊表示最深切的感謝。他們堅定不移的奉獻精神體現在在 Cobre Panama 抗議活動帶來的艱難環境中維持運營以及成功實現新的送貨上門和預售里程碑上。我期待我們的團隊作爲一家在多倫多證券交易所上市的公司繼續取得成功,因爲我們將加強對透明度和問責制的承諾,同時開闢新的增長途徑。”
Debt Financing:
債務融資:
IDG is pleased to announce that it has approved a Financing by way of the issuance of a senior secured debenture for up to USD$4,500,000 with a Panamanian institutional investor to fund ongoing affordable home development activities and general working capital. The Financing will be funded in 9 monthly tranches ("Tranches"), with the final Tranche ending in July, 2024. Each Tranche will be equal to the projected capital requirements for continued development of the Legacy Phases. The Financing shall bear interest at a rate of 12% per annum, payable quarterly, with a scheduled maturity date of November 30, 2025. Interest payments shall be deferred and accrued with the first interest payment occurring on January 31, 2025. The Financing is subject to the approval of the TSX-V and no funds representing the Tranches will be advanced to IDG prior to approval by the TSX-V.
IDG很高興地宣佈,它已批准通過向巴拿馬機構投資者發行高達450萬美元的優先擔保債券進行融資,爲正在進行的經濟適用房開發活動和一般營運資金提供資金。該融資將分9個月提供(“部分”)的資金,最後一批將於2024年7月結束。每批資金將等於繼續開發遺留階段的預計資本需求。本次融資的利率爲每年12%,按季度支付,預定到期日爲2025年11月30日。利息支付應延期並應計,第一筆利息支付將於2025年1月31日支付。融資需獲得多倫多證券交易所-V的批准,在多倫多證券交易所批准之前,不會向IDG預付任何代表該批次的資金。
In connection with the Financing, the Company shall issue Warrants exercisable for the purchase of common shares upon receipt of each Tranche. The amount of Warrants issued by the Company in connection with each Tranche will be equal to the Canadian dollar value of the Tranche divided by the closing price of the Company's common shares on the funding date of each Tranche. The Warrants shall have an exercise price equal to a 10% premium to the 10-day volume weighted average trading price of IDG's common shares on the TSX-V on the 10 trading days prior to the funding date of each Tranche. The Warrants shall be exercisable for a period of three years from the date of issue, subject to accelerated expiry in accordance with the policies of the TSX-V.
在融資方面,公司應在收到每批普通股後發行可行使的認股權證,用於購買普通股。公司發行的與每批認股權證相關的認股權證金額將等於該批認股的加元價值除以公司普通股在每批融資之日的收盤價。認股權證的行使價應等於每批認股融資日前10個交易日IDG在多倫多證券交易所普通股的10天成交量加權平均交易價格的10%溢價。認股權證自發行之日起三年內可行使,但根據多倫多證券交易所的政策,可加速到期。
Changes to Board of Directors
董事會變動
IDG announces the resignation of Raymond Harari as Director of the Company. The Company would like to thank Mr. Harari for his contributions during the public listing process.
IDG宣佈雷蒙德·哈拉里辭去公司董事職務。公司要感謝哈拉里先生在公開上市過程中所做的貢獻。
About IHC and IHC Panama
關於 IHC 和 IHC 巴拿馬
Impact Development Group is a Panamanian based real estate developer that provides affordable housing solutions to Panama's growing middle-class supported by a longstanding subsidized government program. The vision of IHC Panama is effectuated by a vertically integrated model which coordinates all services necessary to develop high-quality residential and commercial buildings, including land acquisition, financing, architectural, engineering, off-site manufacturing, general contracting, property management, and administration.
Impact Development Group是一家總部位於巴拿馬的房地產開發商,在長期的補貼政府計劃的支持下,爲巴拿馬不斷壯大的中產階級提供經濟適用住房解決方案。IHC Panama的願景由垂直整合模型實現,該模型協調開發高質量住宅和商業建築所需的所有服務,包括土地徵用、融資、建築、工程、場外製造、總承包、物業管理和管理。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
For further information, please contact:
欲了解更多信息,請聯繫:
Tom Wenz, Chief Executive Officer and Director
Phone: + 1 (406) 370-2603
Email: twenz@ihcpanama.com
湯姆·溫茲,首席執行官兼董事
電話:+ 1 (406) 370-2603
電子郵件:twenz@ihcpanama.com
Forward-Looking Information
前瞻性信息
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements with respect to trading in the common shares of the Company.
本新聞稿中的信息包括有關管理層對未來事件、預期、計劃和前景的看法的某些信息和陳述,這些信息和陳述構成前瞻性陳述,包括與公司普通股交易有關的陳述。
Such statements and information reflect the current view of the Company. Risks and uncertainties exist that may cause actual results to differ materially from those indicated or implied in the forward-looking statements and information. Such factors include, among others: the limited business history of IHC; reliance on key management; risks related to IHC's growth strategy, including that previous and future acquisitions do not meet expectations or potential acquisitions cannot be completed; dependence on and availability of third party financing; the TSX-V may not approve the Financing; the business of IHC is subject to broader economic factors; disruptions or changes in the credit or security markets; financial results of IHC's operations; unanticipated costs and expenses; and general market and industry conditions.
此類陳述和信息反映了公司當前的觀點。存在風險和不確定性,可能導致實際結果與前瞻性陳述和信息中表明或暗示的結果存在重大差異。這些因素包括:IHC的業務歷史有限;對密鑰管理的依賴;與IHC增長戰略相關的風險,包括先前和未來的收購未達到預期或潛在收購無法完成;第三方融資的依賴和可用性;多倫多證券交易所可能不批准融資;IHC的業務受更廣泛的經濟因素的影響;信貸或證券市場的中斷或變化;IHC運營的財務業績;意外成本和費用;以及一般市場和行業狀況。
The forward-looking statements, while considered reasonable by the Company, are inherently based upon assumptions that are subject to significant risks and uncertainties, including, but not limited to, the Financing will be approved by the TSX-V and the Company will be able to carry out its business plan as contemplated. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct.
前瞻性陳述雖然被公司視爲合理,但其內在假設基礎上存在重大風險和不確定性,包括但不限於融資將獲得多倫多證券交易所的批准,公司將能夠按預期執行其業務計劃。儘管公司認爲前瞻性陳述中反映的預期是合理的,但他們無法保證任何前瞻性陳述的預期都會被證明是正確的。
The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
本新聞稿中包含的前瞻性信息代表了公司截至本新聞稿發佈之日的預期,因此,在此之後可能會發生變化。讀者不應過分重視前瞻性信息,也不應從任何其他日期開始依賴這些信息。儘管公司可以選擇,但除非適用法律要求,否則它不承諾在任何特定時間更新這些信息。
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