Advantex Announces Amendment to Debentures

Executive Summary

• Advantex Marketing International Inc. obtained holder approval to defer March 2026 interest on its $7.759 million 9% Senior Secured Non‑Convertible Debentures, with the deferred amount payable in a single instalment together with future scheduled interest.
• The amendment also resets financial covenants for the quarters ending March 31 2026 and June 30 2026.

Key Details

• Debenture principal: $7,759,000 (aggregate).
• Interest rate: 9% per annum, senior secured, non‑convertible.
• Original maturity: December 31 2025.
• Amendment action: Deferral of the interest payment due in March 2026; deferred interest to be paid in one instalment alongside regular interest payments for the remaining term.
• Covenant reset: Financial covenants are being recalibrated for the quarter ending March 31 2026 and again for the quarter ending June 30 2026.
• Holder approval: Obtained requisite consent from debenture holders prior to implementation.

Notable Quotes

(No direct quotes were provided in the release.)