Press release

COLABOR GROUP ANNOUNCED COMPREHENSIVE RECAPITALIZATION TRANSACTIONS TO STRENGTHEN ITS BALANCE SHEET AND REDUCE FUTURE INTEREST COSTS

30 May 2022

Boucherville, Québec, July 14, 2016 – Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Corporation”) announced this
morning proposed recapitalization transactions which will reduce Colabor’s indebtedness and significantly enhance the
Corporation’s capital structure (the “Recapitalization Transactions”), together with various related transactions which can
be summarized as follows:

 

 

 

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