The Toronto Stock Exchange reports that it has amended the terms of its 6.5 per cent extendible convertible unsecured debentures, as follows:

• The maturity date of the debentures has been extended from July 10, 2023, to June 30, 2026.
• The interest rate on the debentures will increase from 6.5 per cent per year to 8.5 per cent per year, effective from and including June 30, 2023.
• The conversion price of the debentures has been reduced from $3.85 per common share to $1 per share.
• The definition of change of control has been amended to permit the company's chairman, Jeffrey C. Royer, and related parties to 66-2/3rds per cent or more of the common shares of the company without it constituting a change of control.

As a result, the debentures will be posted for trading at the opening on June 30, 2023, under the new name, 8.5 per cent convertible unsecured debentures, and the new Cusip No. 072819 AB 1. Trades on June 28, 2023, and June 29, 2023, will settle on June 29, 2023. There will be no change in the trading symbol (BYL.DB) and all the other terms of the debentures remain unchanged.

For more information, see the TSX bulletin dated July 6, 2018, the company's consent and proxy solicitation statement dated May 18, 2023, and its news release dated June 19, 2023.