IC Group Holdings Inc. Announces Debenture Repayment Deferral and Grant of Director Stock Options

Executive Summary

• IC Group Holdings Inc. reached an agreement with two debenture holders to defer $1,219,787 of scheduled principal repayments to July 1 2027 and December 1 2027, extending the maturity profile without issuing additional securities.
• The company granted 525,000 stock options to its Board of Directors at an exercise price of $0.50 per share, vesting equally over three years with a ten‑year term.
• The deferral is intended to provide greater balance‑sheet flexibility and align debt maturities with the Company’s growth plans.

Key Details

• Debenture Deferral Amount: $1,219,787 (originally due July 1 2026 and December 1 2026).
• Revised Repayment Schedule:
• July 1 2026 – $23,670
• December 1 2026 – $31,160
• July 1 2027 – $561,769
• December 1 2027 – $864,716
• Total Outstanding After Deferral: $1,481,315
• Interest Rate on Debentures: 12.0% per annum; terms otherwise unchanged.
• No New Securities Issued as part of the deferral agreement.
• Director Stock Options: 525,000 options granted under the Company’s stock option plan.
• Exercise Price: $0.50 per share.
• Vesting Schedule: Equal vesting over three years on each anniversary of the grant date.
• Expiration: December 22 2035 (10‑year term).
• Regulatory Requirement: Options are subject to TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)