FTI FTI Foodtech International Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

FTI Foodtech International Inc. ("FTI" or the "Corporation") (TSX VENTURE:FTI)
today announces that it has completed its previously announced reorganization,
pursuant to which FTI amended its articles to increase its authorized capital to
an unlimited number of common shares with no par value and an unlimited number
of preferred shares with no par value and was continued under the Canada
Business Corporations Act (the "Reorganization"). In connection with the
completion of the Reorganization, the 5,000,000 subscription receipts of the
Corporation (the "Subscription Receipts") that were issued by way of private
placement on June 25, 2008 (the "Offering") will each be exchanged, for no
additional consideration, into one unit of FTI ("Unit"), with each consisting of
one common share of the Corporation (the "Common Shares") and one common share
purchase warrant (the "Warrants"). Each Warrant shall entitle the holder to
purchase one Common Share at a price of $0.15 per share for a period of 24
months following the closing date of the Offering. The Common Shares and the
Warrants will be subject to a hold period expiring four months and one day from
the date of the issuance of the Subscription Receipts.


The gross proceeds of the Offering, which were placed in escrow pending the
completion of the Reorganization, will be released to the Corporation.

Grafico Azioni FTI Foodtech (TSXV:FTI)
Storico
Da Dic 2024 a Gen 2025

Grafico Azioni FTI Foodtech (TSXV:FTI)
Storico
Da Gen 2024 a Gen 2025