TARGET GROUP INC. | Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
On December 26, 2019, the Company filed a report on Form 8-K disclosing the entry into a financing agreement, dated December 20, 2019 ("Original Loan") with a private individual ("Lender") who is the brother of the Company's Chief Executive Officer, Anthony Zarcone. The Original Loan was subsequently amended on eight (8) previous occasions as disclosed in reports filed on Form 8-K or 8-K/A on March 17, 2020, April 24, 2020, May 14, 2020, June 22, 2021, February 18, 2022, October 21, 2022, February 2, 2023, March 13, 2023, March 31, 2023, and August 4, 2023, respectively.
Effective November 7, 2023, the Company and Lender entered into a Ninth Amending Agreement extending the maturity date of the Original Loan to June 30, 2024, or such earlier date as demanded by Lender. The remaining terms and conditions of the Original Loan, as amended, remain in full force and effect.
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Target Group Inc. published this content on 13 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 11:05:15 UTC.
