/EINPresswire.com/ -- THUNDER BAY, ONTARIO -- (Marketwired) -- 06/14/16 -- Family Memorials Inc. (TSX VENTURE: FAM) ("Family Memorials" or the "Corporation") announces that it has received the written consent from in excess of 66 2/3% of the holders of the Corporation's 10% Convertible Secured Debentures (the "Debentures") for approval of amendments to the Debenture Indenture dated July 7, 2011, as amended pursuant to a First Supplemental Debenture Indenture dated October 31, 2013 (together called the "Debenture Indenture"). The amendments include the change of the Maturity Date from June 15, 2016 to December 15, 2016, the increase of the interest rate on the Debentures to a rate of 15% per annum from and after June 16, 2016, and the removal of the requirement, upon redemption of the Debentures, to pay a premium equal to 5% of the outstanding principal amount of the Debentures.

About Family Memorials

The Corporation is a Canadian public corporation operating in the death care industry retailing monuments and memorials through wholly-owned subsidiaries and with agency and sales agreements with funeral homes. The Corporation currently trades on the TSX Venture Exchange under the symbol "FAM".

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:
Family Memorials Inc.
Scott C. Kellaway
President
807-577-6463
familymemorials@tbaytel.net
www.family-memorials.ca

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.