Investment group

Stone Investment Group extends cash offer period for

TORONTO, March 31, 2022 (GLOBE NEWSWIRE) — Stone Investment Group Limited (“GIS“or the”society“) announces that the offer period for its fully capitalized offer to purchase 7,293 of its debentures made by a wholly-owned subsidiary of the Company for $800 per debenture (the “Cash offer“) has been extended and now expires at 5:00 p.m. (Toronto time) on May 30, 2022 (the “Expiration date“).

The details of the Cash Offer are set out in the offer document dated November 29, 2021 (the “Offering Document“) and the letter of transmittal (the “transmittal letter“) issued in connection with the Offeror’s Initial Cash Offer, as amended by press releases issued by the Company on December 15, December 17, December 21, December 22, December 27 and January 28. the change in the expiry time, all terms and conditions relating to the Cash Offer for the Debentures remain the same. The Offer Document, the accompanying cover letter and press releases are available at the Company’s profile on SEDAR at

Debentureholders wishing to participate and deposit their Debentures in the Cash Offering should immediately contact their advisor and instruct them to complete SIG’s Letter of Transmittal and return it by email to Sintra Capital at [email protected] prior to the expiration time. Debentureholders requiring a copy of the Letter of Transmittal may request one from Sintra Capital and it is also available under the Company’s profile on SEDAR at

On December 27, 2021, SIG obtained a provisional interim order (the “Provisional interim order“) under the Canada Business Corporations Act of the Ontario Superior Court of Justice (Commercial List) (the “CBCA Proceedings“). The Interim Interim Order grants a stay of proceedings in favor of the Company with respect to, among other things, defaults that may result from the Company’s decision to initiate the LCSA Proceedings and events of default under the Company’s debentures, including failure to make payment of all principal and interest due under the debentures due December 28, 2021. For more information on the Interim Interim Order and CBCA Proceeding, please see SIG’s press release dated December 27, 2021. Notwithstanding the commencement of the LCSA proceedings, the Company made the quarterly cash interest payments calculated at 7.5% per annum, on January 15, 2022 for the interest payment quarterly ending December 31, 2021 and expects to make quarterly payment on or about April 15, for the quarter ended March 31, 2022.

Please refer to SIG Press Release November 30, 2021, SIG Press Release December 15, 2021, SIG Press Release December 17, 2021, SIG Press Release December 21, 2021, SIG Second Press Release December 21, 2021, SIG press release of December 22, 2021 SIG press release of December 27, 2021, SIG press release of January 28, 2022 and Offer Document for more information on the Cash Offer.

About Stone Investment Group Limited

The Company is an independent wealth management company. The Company, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:

Stone Investment Group Limited
Peter Jason
Investor Relations
416 867 2533 or 800 336 9528
[email protected]


Capital of Sintra
Kevin Hooke
204 291 5735
[email protected]

Disclaimer for forward-looking information

This press release contains certain “forward-looking statements” under applicable Canadian securities laws that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding: the Debentures, the Cash Offer and the operations of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results to differ. and future events will differ materially from those expressed or implied by such statements. forward-looking statements. These factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments and other risks beyond the Company’s control. Other risk factors are included in the Company’s MD&A, available under the Company’s profile on SEDAR at Although the Company believes that the assumptions and factors used in the preparation of forward-looking statements are reasonable, undue reliance should not be placed on such statements, which speak only as of the date of this press release, and nothing does not guarantee that these statements events will occur within the time disclosed or not at all. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.