FLINT to pay interest on Senior Secured Debentures in kind

CALGARY, Alberta, Dec. 18, 2023 (GLOBE NEWSWIRE) -- FLINT Corp. (“FLINT”) (TSX: FLNT) is pleased to announce that Canso Investment Counsel Ltd., in its capacity as portfolio manager for and on behalf of certain accounts that it manages ("Canso"), and sole holder of its 8% senior secured debentures due March 23, 2026 (the “Senior Secured Debentures”), has agreed to accept the issuance of Senior Secured Debentures on December 31, 2023 with a principal amount of $5,004,994 in order to satisfy the interest that would otherwise become due and payable on such date (the “Payment in Kind Transaction”). The Payment in Kind Transaction is permitted at the discretion of Canso under the terms of the amended trust indenture governing the Senior Secured Debentures.

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