ADVANTEX SHARES TO BE LISTED ON CANADIAN NATIONAL STOCK EXCHANGE
For Immediate Release
ADX: TSXV
Advantex announces:
Listing of its Shares on the CNSX and Delisting from TSX Venture Exchange, and
Renewal of its Non-convertible and Convertible Debentures
Toronto, March 1, 2011 – Advantex Marketing International Inc. (“Advantex” or the “Company”), a
leading specialist in merchant funding and loyalty marketing programs, today announced that it has
received final approval to list its common shares on the Canadian National Stock Exchange (“CNSX”).
The Company has notified the TSX Venture Exchange (“TSXV”) of its intent to delist its common
shares from the TSXV on or about March 14, 2011. The Company expects that the transition between
the TSXV and the CNSX will be completed in a seamless manner.
The Company has also received approval from the CNSX to proceed with the renewal of the Non –
convertible Debentures that matured December 31, 2010 as well as the early renewal of the Convertible
Debentures that matures December 9, 2011 (collectively ”Debentures”), on the terms and conditions
described below and has entered into a term sheet with Trapeze Capital Corporation to that effect. At a
Special and Annual meeting held on December 21, 2010 a majority of shareholders, including a majority
of the disinterested shareholders of the Company, approved the renewal of the Debentures on such
terms. The Company expects to complete the renewal of the Debentures shortly after the listing of its
common shares on the CNSX.
Renewal of Non-Convertible and Convertible Debentures
The Company expects to renew up to $2.665 million face value worth of Non-convertible Debentures.
The Non-convertible Debentures will continue to bear interest at 14% per annum and the maturity date
will be September 30, 2013. Each debenture, of face value $1,000, will continue to have attached 1,975
common share purchase warrants. Each warrant will entitle the holder to purchase one common share of
the Company at an exercise price of $0.04 per share during the term of such debenture.
The Company expects to renew up to $6.0 million face value worth of Convertible Debentures. The
Convertible Debentures will be exchanged for Non-convertible debentures that will bear interest at 12%
per annum and will mature on September 30, 2013. Each new debenture, of face value $1,000, will
have attached 14,151 common share purchase warrants. Each warrant will entitle the holder to purchase
one common share of the Company at an exercise price of $0.04 per share during the term of such
debenture.
The Company also expects to issue an additional 500,000 common share purchase warrants to Trapeze
Capital Corporation in connection with such renewal. Each warrant will entitle the holder to purchase
one common share of the Company at an exercise price of $0.04 per share. These warrants will expire
two years from the date that they are issued.
The Company will also be communicating with the current holders of the Debentures to finalize, as
applicable, their renewal or redemption together with payment of interest to date of redemption.