ST. JOHN'S, NL / ACCESSWIRE / December 8, 2015 / Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop" or the "Company") announces that it proposes to amend the terms of the 14.0% unsecured convertible debenture issued on December 30, 2013 to Difference Capital Financial Inc. ("DCFI") in the principal amount of $3,000,000 (the "Debenture").
The proposed amendment to the Debenture would extend the maturity date of the Debenture by one year, from December 30, 2016 to December 30, 2017. All other terms of the Debenture, including interest payable and conversion rate per common share, shall remain the same. DCFI has agreed to the proposed amendment and the Company will enter into a Debenture Amending Agreement with DCFI addressing the amended maturity date of the Debenture.
The amendment of the Debenture is subject to obtaining applicable regulatory authorizations, including the approval of the TSX Venture Exchange.
About Bluedrop
Bluedrop Performance Learning (TSX-V: BPL) is an innovator in workplace training for individuals, corporations, military personnel and the public sector. Bluedrop is transforming the workplace by designing, developing and delivering practical, actionable and affordable training content that improves individual and overall performance of organizations.
For more information, visit www.bluedrop.com.
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.
Media contact:
Lynn Hammond
Bluedrop Performance Learning Inc.
lynnhammond@bluedrop.com
709-570-5691
709-330-1260
SOURCE: Bluedrop Performance Learning Inc.
