DTS8 Coffee Retires Two Convertible Notes
DTS8 Coffee Company, Ltd. (OTCQB:BKCT) (BERLIN:9BE) announced today that it has retired both outstanding convertible notes dated
October 20, 2016. The notes have been replaced with one non-convertible loan from an affiliate of the company.
CEO Douglas Thomas stated, “Terms of this new loan not only extend the repayment date for the funds loaned but remove the
uncertainty of dilution associated with the number of common shares that would have been issued to discharge the convertible
note.”
DTS8 Coffee Company, Ltd. is a Canadian-based purveyor of artisan roasted, gourmet coffee in China. Its “Premium,” “Single
Origin Premium,” “Don Manuel,” and “Private Label” brands are available in Shanghai and other cities in China. The coffees are well
regarded for their uniqueness, consistency and special flavor characteristics, reaching consumers at many restaurants,
multi-location coffee shops, online and offices. For additional information visit us at www.dts8coffee.com.
Except for the historical matters contained herein, statements in this press release contain “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that
forward-looking statements involve risks and uncertainties which may affect DTS8’s current and future business and prospects.
Actual results could differ materially, as a result of various risk factors including but not limited to: (1) competition in the
markets for DTS8’s coffee; (2) the ability of DTS8 to execute its business plan; and (3) other factors detailed in DTS8’s public
filings with the SEC. By making these forward-looking statements, DTS8 can give no assurances that transactions described in this
press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes
after the date of this press release. This release should be read in conjunction with DTS8’s Annual Report on Form 10-K and its
other filings with the SEC through the date of this release, which identifies important factors that could affect the
forward-looking statements in this release. In addition, factors that could cause actual results to differ materially from those
contemplated in the statements include, without limitation, overall economic conditions, and other risks associated generally with
the green bean coffee business. These forward-looking statements are not guarantees of future performance.
Investors contact:
TEN Associates LLC
Tom Nelson, 480-326-8577
tenassociates33@gmail.com
or
DTS8 contact:
Peter Baxter, 775-360-3031
info@dts8coffee.com
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