VANCOUVER, BC, March 4, 2021 /CNW/ - AZN Capital Corp. (the
"Company" or "AZN") (TSXV: AZN) (OTC: AZNVF) is pleased
to announce that it has received in excess of $900,000 from the exercise of warrants, options
and brokers warrants since early February
2021.
As previously announced, substantially all of the assets of the
Company and its U.S. subsidiaries were acquired by its secured
lender in December 2020 pursuant to a
public disposition of collateral conducted by such lender. As part
of this foreclosure sale, the secured lender granted a release to
the Company of its corporate guarantee, subject to certain
conditions being met. The Company confirms that these conditions
were met in February 2021.
The funds from the exercise of warrants, options and brokers
warrants have since allowed the Company to settle all outstanding
Canadian corporate liabilities and to provide working capital for
reviewing new opportunities for the Company.
ON BEHALF OF AZN CAPITAL CORP.
"Maxwell Smith"
Maxwell Smith
CEO, President and Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE AZN Capital Corp.