(TheNewswire)
Vancouver, British Columbia, Canada - TheNewswire - December 14, 2023 - GOAT Industries Ltd. (the “ Company ” or “ GOAT ”)( CSE:GOAT ) is pleased to announce that it has entered into a loanagreement (the “ Loan Agreement ”)with an arm’s length lender (the “ Lender ”) pursuantto which it will be loaned an amount of up to CDN$100,000 (the“ Loan ”).
The Loan is evidenced by a promissory note, and bearsinterest at a rate of 10% per annum, calculated annually in arrears,and payable on demand, and is subject to a $10,000 facilitation feepayable to the Lender.
The proceeds of the loan will be used by the Companyfor working capital and general corporate purposes.
The Company also announces that it has decided not tomove ahead at this time with completing the non-brokered privateplacement of up to 11,615,384 units of the Company, nor with theshares-for-debt settlement, as had been announced on November 8, 2023.
ABOUT GOAT INDUSTRIES LTD.
GOAT is an investment issuer focused on investing inhigh-potential companies operating across a variety of industries andsectors. The paramount goal of the Company is to generate maximumreturns from its investments.
For more information about the Company, please visit https://www.goatindustries.co/ . The Company’sfinal prospectus, financial statements and management's discussion andanalysis, among other documents, are all available on its profile pageon SEDAR+ at www.sedarplus.ca .
The CSE hasneither approved nor disapproved the contents of this news release.Neither the CSE nor its Market Regulator (as that term is defined inthe policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.
CAUTIONARY STATEMENT REGARDING“FORWARD-LOOKING” INFORMATION
This news release contains certain forward-lookingstatements within the meaning of such statements under applicablesecurities law. Forward-looking statements are frequentlycharacterized by words such as "anticipates","plan", "continue", "expect","project", "intend", "believe","anticipate", "estimate", "may","will", "potential", "proposed","positioned" and other similar words, or statements thatcertain events or conditions "may" or "will"occur. The Company has provided the forward-looking statements inreliance on assumptions that it believes are reasonable at this time.All such forward-looking statements involve substantial known andunknown risks and uncertainties, certain of which are beyond theCompany’s control. Such risks and uncertainties include, withoutlimitation, delays resulting from or inability to obtain requiredregulatory approval. The reader is cautioned that the assumptions usedin the preparation of the forward-looking statements may prove to beincorrect and the actual results, performance or achievements coulddiffer materially from those expressed in, or implied by, theseforward-looking statements. Accordingly, no assurances can be giventhat any of the events anticipated by the forward-looking statementswill transpire or occur, or if any of them do, what benefits,including the amount of proceeds, the Company will derive therefrom.Readers are cautioned that the foregoing list offactors and list of target investments are not exhaustive. The Companyis under no obligation, and expressly disclaims any intention orobligation, to update or revise any forward-looking statements,whether as a result of new information, future events or otherwise,except as expressly required by applicable law.
CONTACT INFORMATION
GOAT Industries Ltd.
Investor Relations
Email: info@goatindustries.co
Phone: 1-833-4-GOAT-IR (1-833-446-2847)
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