BBTV PROVIDES UPDATE ON LOAN

Rhea-AI Summary

BBTV Holdings Inc. announces that it continues to work with MEP Capital to maintain BBTV's loan in good standing.

Positive

• BBTV Holdings Inc. is in discussions to extend the timing of the US$6,000,000 payment under the MEP Capital loan. The extension will be settled in accordance with a signed non-binding proposal from a new third-party investor.

Negative

• None.

BBTV Holdings Inc. announces that it continues to work with MEP Capital to maintain BBTV's loan in good standing.

VANCOUVER, BC, Sept. 1, 2023 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) ("BBTV" or the "Company"), the leading creator monetization company with a mission to help creators become more successful, announces that it remains in discussions about further extending the timing of the US$6,000,000 payment under the MEP Capital loan until such time that it can be settled in accordance with a signed non-binding proposal from a new third party investor. The Company remains in good standing with the loan.

For further information please contact:
Media Relations: pr@bbtv.com 
Investor Relations: ir@bbtv.com

BBTV-F

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SOURCE BBTV Holdings Inc.

FAQ

What is BBTV Holdings Inc. working on?

BBTV Holdings Inc. is working with MEP Capital to maintain its loan in good standing.

What is the current status of BBTV Holdings Inc.'s loan?

BBTV Holdings Inc. remains in good standing with the loan.

What is the amount of the payment being discussed?

The payment being discussed is US$6,000,000.

Who is BBTV Holdings Inc. in discussions with?

BBTV Holdings Inc. is in discussions with a new third-party investor.

How will the extension of the payment be settled?

The extension of the payment will be settled in accordance with a signed non-binding proposal.