Deveron Announces Amendment to Forbearance Agreement
Deveron (OTC:DVRNF) entered an Amending Agreement with Toronto Dominion Bank dated October 9, 2025, modifying a forbearance agreement originally dated April 25, 2025.
The lender agreed to forbear from exercising remedies on specified defaults until the earlier of December 12, 2025 or a defined Forbearance Termination Event. The Loan has approximately $25 million principal outstanding across term debt and a drawn operating line under a secured credit agreement dated May 15, 2023.
The forbearance supports the continuation of Deveron’s strategic review to address short‑term liquidity needs; the company will update the market if further disclosure becomes appropriate.
Deveron (OTC:DVRNF) ha stipulato un Accordo di Emendamento con la Toronto Dominion Bank in data 9 ottobre 2025, modificando un accordo di moratoria originariamente datato 25 aprile 2025.
Il prestatore si è impegnato a non esercitare rimedi su inadempienze specificate fino alla data antecedente tra il 12 dicembre 2025 o un Evento di Terminazione della Moratoria definito. Il Prestito presenta un importo principale di circa $25 milioni in debito a termine e una linea operativa disegnata ai sensi di un accordo di credito garantito datato 15 maggio 2023.
La moratoria sostiene la continuazione della revisione strategica di Deveron per far fronte alle esigenze di liquidità a breve termine; la società aggiornerà il mercato se ulteriori divulgazioni dovessero diventare opportune.
Deveron (OTC:DVRNF) firmó un Acuerdo de Enmienda con Toronto Dominion Bank con fecha 9 de octubre de 2025, modificando un acuerdo de indulgencia originalmente fechado el 25 de abril de 2025.
El prestamista acordó abstenerse de ejercer remedios ante incumplimientos especificados hasta la fecha más temprana entre el 12 de diciembre de 2025 o un Definido Evento de Terminación de la Moratoria. El Préstamo tiene aproximadamente $25 millones de principal pendiente a través de deuda a término y una línea operativa drawn bajo un acuerdo de crédito garantizado fechado el 15 de mayo de 2023.
La moratoria respalda la continuación de la revisión estratégica de Deveron para abordar las necesidades de liquidez a corto plazo; la empresa actualizará al mercado si corresponde divulgar más información.
Deveron (OTC:DVRNF)가 2025년 10월 9일자 토론토 도미니언 은행(Toronto Dominion Bank)과 개정 계약을 체결했고, 2025년 4월 25일자로 originally 체결된 유예 협정을 수정했습니다.
채권자는 지정된 채무 불이행에 대해 구제 조치를 행사하지 않기로 합의했으며 그 시점은 2025년 12월 12일 또는 정의된 유예 종료 사건 중 더 이른 시점까지입니다. 대출의 원금은 약 $25백만이며, 2023년 5월 15일자 담보 신용 계약에 따른 만기 부채와 사용 중인 운영 한도가 포함되어 있습니다.
이번 유예는 단기 유동성 문제를 해결하기 위한 Deveron의 전략적 검토를 지속하도록 지원하며, 추가 공시가 적절해지면 시장에 업데이트할 예정입니다.
Deveron (OTC:DVRNF) a conclu un Accord Modificatif avec la Toronto Dominion Bank en date du 9 octobre 2025, modifiant un accord de sursis initialement daté du 25 avril 2025.
Le prêteur a accepté de s’abstenir d’exercer des recours sur certains défauts jusqu’à la date la plus proche entre le 12 décembre 2025 et un Événement de Résiliation du Mémoire de Tolérance défini. Le prêt affiche environ $25 millions de principal impayé sur une dette à terme et une ligne de crédit opérationnelle tirée dans le cadre d’un accord de crédit garanti daté du 15 mai 2023.
La tolérance soutient la poursuite de l’examen stratégique de Deveron pour répondre aux besoins de liquidité à court terme ; la société informera le marché si d’autres divulgations deviennent appropriées.
Deveron (OTC:DVRNF) hat mit der Toronto-Dominion-Bank am 9. Oktober 2025 eine Änderungsvereinbarung abgeschlossen und damit eine ursprünglich am 25. April 2025 datierte Aussetzung der Rechtsmittel geändert.
Der Kreditgeber hat sich verpflichtet, von der Geltendmachung von Rechtsmitteln wegen festgelegter Ausfälle bis zum frühesten der beiden Termine abzusehen: 12. Dezember 2025 oder ein definierter Forbearance-Termination-Ereignis. Der Kredit beläuft sich auf ungefähr $25 Millionen an ausstehender Hauptforderung über Terminschuld und eine drawn operating line im Rahmen einer gesicherten Kreditvereinbarung vom 15. Mai 2023.
Die Aussetzung unterstützt die Fortführung der strategischen Prüfung von Deveron zur Bewältigung der kurzfristigen Liquiditätsbedürfnisse; das Unternehmen wird den Markt informieren, sofern weitere Offenlegungen angemessen erscheinen.
Deveron (OTC:DVRNF) أبرمت اتفاق تعديل مع بنك تورونتو دومينيون بتاريخ 9 أكتوبر 2025، يعدل اتفاق احتجاز كان بتاريخ 25 أبريل 2025.
وافق المقرض على الامتناع عن اتخاذ التدابير في مواجهة التخلف المحدد حتى أقرب تاريخ بين 12 ديسمبر 2025 أو حدث إنهاء الاحتجاز المحدد. لدى القرض رصيد رئيسي نحو $25 مليون من الدين على مدى فترة وعلى خط تشغيلي مُستخدم بموجب اتفاق ائتماني مضمّن بتاريخ 15 مايو 2023.
يدعم الاحتجاز استمرار المراجعة الاستراتيجية لـ Deveron لتلبية احتياجات السيولة على المدى القصير؛ ستقوم الشركة بتحديث السوق إذا كان disclosure إضافي مناسباً.
Deveron (OTC:DVRNF) 已与多倫多 Dominion 銀行签署了一份 修订协议，日期为 2025 年 10 月 9 日，修改原 2025 年 4 月 25 日的宽限协议。
贷款机构同意对特定违约行为在最早到来日期前停止采取追索，直至2025 年 12 月 12 日或定义的宽限终止事件中的较早者。该贷款约有$2500 万美元的本金在期限债务中，以及依据 2023 年 5 月 15 日签署的有担保信贷协议的一条取用运营线。
此次宽限有助于 Deveron 继续其战略评估以解决短期流动性需求；若需要披露更多信息，公司将通知市场。
- Lender agreed to forbear until Dec 12, 2025
- Forbearance permits continuation of strategic review process
- Approximately $25 million principal outstanding on the Loan
- Company is in default under the Credit Agreement triggering forbearance
- Forbearance may end earlier on a Forbearance Termination Event
Toronto, Ontario--(Newsfile Corp. - October 10, 2025) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company") announces that, further to its press release of April 28, 2025, the Company has entered into a first amending agreement to forbearance agreement (the "Amending Agreement") dated October 9, 2025, with Toronto Dominion Bank (the "Lender") amending the forbearance agreement (the "Forbearance Agreement") dated April 25, 2025, in connection with the repayment of a loan advanced by the Lender, which currently has a principal amount outstanding of approximately
The Forbearance Agreement provides for the continuation of the Company's strategic review process, which involves a review and evaluation of strategic alternatives that may be available to the Company to satisfy its short-term liquidity needs.
The Company will provide an update when further disclosure is required or otherwise appropriate.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use.
For more information and to join our community, please visit www.deveron.com.
David MacMillan
President & CEO
dmacmillan@deveron.com
Tel: 647-963-2429
This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world-wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270102
FAQ
What did Deveron (DVRNF) announce on October 9, 2025 about its loan?
How long will the lender forbear under the Deveron (DVRNF) agreement?
What is the outstanding principal amount referenced in Deveron’s DVRNF release?
How does the forbearance affect Deveron’s short‑term plans for DVRNF shareholders?
Will Deveron (DVRNF) provide further updates about the forbearance?
Could the lender resume remedies before December 12, 2025 for DVRNF?
