TSX VENTURE COMPANIES
ALL IN WEST! CAPITAL CORPORATION ("ALW")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 29, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a Purchase Agreement (the "Agreement") dated January 4, 2016 between a non-arm's length party (the "Purchaser") and All in West! Capital Corporation (the "Company"). Pursuant to the Agreement, the Company shall transfer the Econolodge Inn & Suites (the "Property") located in Hinton, Alberta as exchange for termination of the mortgage loan which is held by the Purchaser and secured against the Property.
A consideration for the $3,810,000 appraised market value of the Property, the Purchaser shall terminate the mortgage loan with a carrying value of $4,500,000. Further, the Purchaser will assume approximately $50,000 in working capital adjustments and up to $250,000 in restructuring costs for which the Company will issue senior notes. In addition, the Purchaser will forego $418,125 in future interest payments on the loan for which the Company will issue a Series C parri passu note.
For more information please refer to the Company's news release dated January 5, 2016.
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