Toronto, Ontario--(Newsfile Corp. - February 21, 2018) - Further to its news release of January 15, 2018 and its final
prospectus dated January 31, 2018, Trenchant Capital Corp. (TSXV: TCC.H) (the "Company") today announces an amendment to the
terms of its proposed public offering (the "Offering") of secured convertible debentures (the "Debentures") to reduce
the minimum amount of the Offering from $10 million to $5 million and to extend the initial closing date to on or about February
28, 2018. All other terms of the Offering, including the maximum Offering size of $20 million, the offering price of $1,000 per
Debenture and the terms of the Debentures, remain unchanged. The minimum amount of the loan to be made by the Company (through a
wholly-owned subsidiary) to ABO Investments Limited Partnership, for which the proceeds of the Offering will be used, will also be
reduced from $10 million to $5 million. The Company has filed an amended and restated final prospectus with applicable securities
regulators with respect to the amended offering size.
None of the Debentures or the common shares into which the Debentures may be converted have been or will be registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer,
solicitation or sale would require registration or otherwise be unlawful.
An amended and restated final prospectus containing important information relating to the Debentures has been filed with the
securities regulatory authorities in each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. The
amended and restated final prospectus, a copy of which is available on SEDAR at www.sedar.com,
contains important information relating to the Debentures. Investors should read the amended and restated final prospectus, and any
amendment thereto, for disclosure of those facts, especially risk factors relating to the Debentures, before making an investment
decision.
About the Company
The Company aims to become a diversified investment and venture capital firm with a focus on providing special situation debt
financing to established companies with a proven track record. The Company expects to benefit from its strategic alliance with
Hillcore, a leading independent Canadian investment and advisory firm, that grants the Company rights of first negotiation to
provide financing and management services to Hillcore's pipeline of current and future private equity investments.
ON BEHALF OF THE BOARD
TRENCHANT CAPITAL CORP.
Per: "Eric Boehnke"
Eric Boehnke, CEO
For further information, please contact:
Trenchant Capital Corp.
Eric Boehnke, CEO
Phone: (604) 307-4274
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.
Disclaimer for Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian
securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and
other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed
or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to,
statements regarding the proposed loan, the Offering and statements regarding the proposed business and
operations of the Company following completion of the foregoing transactions. Forward-looking statements are
necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or
implied by such forward-looking statements. Such factors include, but are not limited to: failure to complete the
Offering on the terms expected or at all; general business, economic and social uncertainties; litigation, legislative,
environmental and other judicial, regulatory, political and competitive developments; and other risks outside of the
Company's control. Although the Company believes that the assumptions and factors used in preparing the
forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date
of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as
required by applicable laws, the Company disclaims any intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events, or otherwise.
Not for distribution to United States newswire services or for dissemination in the United
States.