Pool Safe Announces Debenture and Bonus Warrants Extensions

Core Viewpoint - Pool Safe Inc. has received approval from the TSX Venture Exchange for the extension of the repayment day of a senior secured debenture and the expiry date of bonus warrants, both now set to May 6, 2026, indicating the company's ongoing financial management efforts and adjustments to its capital structure [1][2]. Group 1: Debenture Details - The company has a senior secured debenture amounting to $500,000 with an interest rate of 12% per annum, payable monthly [1]. - The repayment day for the debenture has been extended multiple times, originally set for December 31, 2022, and now pushed to May 6, 2026 [1]. - All other terms of the debenture remain unchanged despite the extension [1]. Group 2: Bonus Warrants Information - A total of 1,600,000 outstanding common share bonus warrants have also had their expiry date extended to May 6, 2026 [2]. - Each bonus warrant allows the holder to purchase one common share at a price of $0.05 [2]. - Similar to the debenture, the expiration date for the bonus warrants has been amended several times, with the latest change extending it from December 31, 2025, to May 6, 2026 [2]. Group 3: Company Overview - Pool Safe Inc. designs and distributes the LounGenie, a multipurpose personal poolside attendant aimed at enhancing safety and convenience for guests at hotels, resorts, waterparks, and cruise ships [3]. - The LounGenie is strategically placed alongside pool or beach lounge chairs, providing security for guests' belongings while also offering vendors opportunities to increase food and beverage sales [3].