FNHI Updates: OS reduction & Up-listing (Can. Stock Ex. &
OTCQB with Blue-sky * )
Excellent Share Structure:
Authorized Shares 300,000,000 a/o Oct 03, 2017
Outstanding Shares 125,787,240 a/o Oct 03, 2017
Franchise Holdings International, Inc.'s CEO, Steven Rossi, Retires 100,000,000 Common Shares; Reduces the issued and outstanding shares of common stock by approximately 45%
TORONTO, ON -- (Marketwired) -- 09/22/17 -- Steven Rossi, CEO of Franchise Holdings International, Inc., the parent company of Truxmart LTD Inc., (OTC PINK: FNHI), an innovative manufacturer of high quality, functional, and aggressively priced tonneau covers for the light truck market, has retired 100,000,000 FNHI common shares, reducing the issued and outstanding shares by approximately 45 percent, from 222,000,000 to 122,000,000 shares. The OTC Markets site should be updated to reflect the new share structure within one week following this announcement.
Franchise Holdings International, Inc. Defers Private Placement Offering
TORONTO, ON -- (Marketwired) -- 10/04/17 -- Franchise Holdings International, Inc.(FNHI), the parent company of Truxmart LTD Inc., an innovative manufacturer of high quality, functional, and aggressively priced tonneau covers for the light truck market, has delayed its previously announced $1,000,000 private placement for inventory and revenue development. Steven Rossi, CEO of FNHI, believes "it can bring better shareholder value by raising capital in the near future when market conditions are better." The planned new capital raise will target between US $1,000,000 - $2,000,000. It will occur after FNHI achieves the following:
Becomes current by filing Q1, Q2, and Q3 reports before the end of November, 2017. Resumes & Completes listing on the Canadian Stock Exchange (CSE), with GunPowder Capital. Relists with OTC:QB (with Blue-sky monitoring).
"Our market continues to grow rapidly," Rossi commented. "Consumers, retailers, dealers, and distributors need an alternative to the present market leaders. As a result, the demand for our tonneau covers is overwhelming and requires new capital to meet it globally. Once we become current and achieve the CSE listing and OTC:QB quotation we will be ready to raise and deploy new funds and begin to achieve our highly ambitious growth plans and targets."
Accredited investors interested in investing with FNHI can sign up in advance by visiting www.investfnhi.com, where there will be further details.
* ref: Blue Sky Up-list Solutions
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