The Tinley Beverage Company Inc. Provides Update on Private Placement and Debt Settlement Transactions

Toronto, Ontario and Los Angeles, California–(Newsfile Corp. – August 23, 2024)

The Tinley Beverage Company Inc. (CSE: TNY) (OTCQB: TNYBF) (“Tinley’s” or the “Company”) has announced an update on its previously announced private placement (the “Private Placement”) and debt settlement (the “Debt Settlement”) transactions. These transactions are now expected to have an aggregate value of approximately CDN$8.3 million. The Private Placement is now expected to consist of the issuance of up to 9,997,720 units of the Company (“Units”) at a price of $0.18 per Unit for gross proceeds of approximately $1.8 million. The Debt Settlement is expected to consist of the settlement of approximately $6.5 million of outstanding indebtedness of the Company owing to certain creditors, including $5,338,035 of secured debt owing to Tinley’s strategic partner, Blaze Life Holdings, LLC (“BLH”). This will be done pursuant to the issuance of up to an additional 16,790,661 Units and the transfer of Tinley’s bottling line to BLH at a deemed price of approximately $3.5 million.

Effect on Me

As a consumer, the updates on Tinley Beverage Company’s Private Placement and Debt Settlement transactions may not have a direct impact on you. However, it is important to note that these financial moves could potentially lead to enhanced product development and market expansion for the company. This could result in a wider range of beverage options for you to enjoy in the future.

Effect on the World

The Tinley Beverage Company’s financial transactions can have a wider impact on the beverage industry as a whole. By securing additional funding and settling outstanding debts, Tinley’s is positioning itself for growth and success in the market. This could lead to increased competition and innovation within the industry, ultimately benefiting consumers with more choices and potentially driving positive change in the beverage market.

Conclusion

In conclusion, the Tinley Beverage Company Inc.’s update on its Private Placement and Debt Settlement transactions marks a significant step towards financial stability and growth for the company. These moves could have a positive impact on both the company and the beverage industry as a whole, potentially leading to new product developments and market expansion. As a consumer, you may benefit from a wider range of beverage options in the future thanks to these strategic financial decisions.