BPLI Holdings Inc. V.BPLI

Bluedrop Announces Early Repayment of $3,000,000 Debenture

[pierrelebel]

Bluedrop Performance Learning Inc. (TSX-V: BPLI) ("Bluedrop" or the "Company") announced today that it has repaid in full the 14.0% unsecured convertible debenture dated December 30, 2013 (the “Debenture“) in the aggregate principal amount of $3,000,000 issued by the Company in favour of Difference Capital Financial Inc. (“Difference”). The Debenture was set to mature on December 30, 2017.

Pursuant to an early repayment agreement and release entered into by Bluedrop and Difference, the parties agreed to the repayment of the principal amount owing under the Debenture prior to maturity, together with all interest accrued to the date of repayment, without any prepayment penalty.

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I now expect BPLI to start moving higher, finally.

[Teamaster99]

Hope so, it eliminates the dilution concern of converting the debt into shares. If they payoff the Grenville royalty ttoo hen they will really have a clean balance sheet.