Bondholders Announce Intention to Vote AGAINST Amendments to Debentures Issued by Fortress Global Enterprises Inc.
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TORONTO, Sept. 21, 2018 /CNW/ - On September 21, 2018, Polar Asset Management Partners Inc., Chou Associates Management Inc., Concise Capital Management, LP and Fulcra Asset Management Inc., who in aggregate hold, or exercise control and direction over, more than 31% of the issued and outstanding 7.0% convertible unsecured subordinated debentures due December 31, 2019 (the "Debentures") (TSX: FGE.DB.A) of Fortress Global Enterprises Inc. (the "Company") (TSX: FGE) (OTCQX: FTPLF), announced their intention to vote against the Company's proposed amendments to the terms of the Debentures. The proposed amendments were announced on August 28, 2018 and a meeting at which holders of the Debentures are to vote on the amendments is scheduled for October 1, 2018.
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