Boreal Water Collection, Inc. Completely Free of Convertible Debt
KIAMESHA LAKE, NY -- June 24, 2015 -- InvestorsHub NewsWire -- Boreal Water Collection, Inc. (OTC: BRWC), a high end private label bottled water company from NY, today announced that it has completely finished the retirement of all of its outstanding convertible notes held by various financing companies. The elimination of the Companys convertible debt has substantially strengthened its balance sheet. As stated in previous Press Releases, Boreal Water Collection has not entered into any new convertible promissory note agreements since October 2014 and it has no intention to issue any convertible notes in the foreseeable future. The Company is confident it can continue to cease the use of convertible debt financing to fund its operations and expansion.
Commenting on the achievement, Francine Lavoie, Chief Executive Officer stated "Retiring all of the convertible debt was a major corporate goal set by our management team. With the uncertainty in our equity structure caused by this type of debt instruments finally behind us, we can now fully focus on growing our business and adding value for our shareholders."
KIAMESHA LAKE, NY -- June 24, 2015 -- InvestorsHub NewsWire -- Boreal Water Collection, Inc. (OTC: BRWC), a high end private label bottled water company from NY, today announced that it has completely finished the retirement of all of its outstanding convertible notes held by various financing companies. The elimination of the Companys convertible debt has substantially strengthened its balance sheet. As stated in previous Press Releases, Boreal Water Collection has not entered into any new convertible promissory note agreements since October 2014 and it has no intention to issue any convertible notes in the foreseeable future. The Company is confident it can continue to cease the use of convertible debt financing to fund its operations and expansion.
Commenting on the achievement, Francine Lavoie, Chief Executive Officer stated "Retiring all of the convertible debt was a major corporate goal set by our management team. With the uncertainty in our equity structure caused by this type of debt instruments finally behind us, we can now fully focus on growing our business and adding value for our shareholders."
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