Stockhouse Inc.
TSX VENTURE : SHC

Stockhouse Inc.

September 15, 2009 09:01 ET

Stockhouse® Extends Debentures to November 2011

TORONTO, ONTARIO--(Marketwire - Sept. 15, 2009) - Stockhouse, Inc. (TSX VENTURE:SHC) is pleased to announce that it has reached an agreement with its debentures holders to amend the redemption date from November 14, 2009 to November 14, 2011. All other terms of the Debentures will remain the same as disclosed on in a news release on November 17, 2008 and in the Company's 10K for the year ending December 31, 2008.

The agreement with debenture holders was negotiated by a special committee of Stockhouse's board of directors and a representative for the debenture group. Mr. New, Stockhouse's Chief Executive Officer whose wife owns C$200,000 of the $660,000 in debentures, agreed to be bounded by the negotiated results and abstained from voting or being a part of the negotiations. Each debenture holder will receive 20% of the value of their debenture in common shares at $0.05 per share. Stockhouse will issue 2,640,000 common shares in total. Mrs. New will receive 800,000 shares and be subject to TSX Venture hold period requirements. All other arm's length investors will receive their prorated amount of the remaining 1,640,000 shares.

"We are very pleased to have the support of our debenture holders who strongly believe in the long term prospects of the company.' Stated Joe Lee, Chief Financial Officer "The Company is continuing to make good progress on the restructuring of its balance sheet and expects to make further announcements shortly."

The TSX Venture has approved this transaction.

About Stockhouse, Inc.

Stockhouse is a leading financial media company focused on user generated content and collaborative technologies. The Stockhouse platform for web-based portfolio management and financial content is licensed to top North American brokerage firms and media companies. This platform is also extended through Stockhouse.com, a leading online financial portal owned and operated by Stockhouse, Inc. Stockhouse.com is home to Bullboards message board - Canada's largest community of active investors. Recognized for its engaged audience, Stockhouse.com provides a sought-after demographic for advertisers.

Legal notice regarding Trademarks

"Stockgroup", "Stockhouse" and "Bullboards" are either registered trademarks or trademarks of Stockgroup Information Systems Inc. and/or its affiliated companies in Canada, the United States and/or other countries. Other names may be trademarks of their respective owners.

Legal notice regarding Forward Looking Statements

This release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. More information about potential risk factors that could affect our business is included in the Company's 10-Q ended March 31, 2009 and 10-K for the year ended December 31, 2008, as amended, which are on file with the SEC at www.sec.gov. Stockgroup undertakes no obligation and does not intend to update these forward looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date of this press release. All forward looking statements are qualified in their entirety by this cautionary statement.

To find out more about Stockhouse, Inc. (TSX-V: SHC), visit our website at www.stockgroup.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Stockhouse Inc.
    Joe Lee
    Chief Financial Officer
    604.331.0995 or 1.800.650.1211
    www.stockgroup.com