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Golden Triangle Ventures, Inc. Announces Strategic Agreement with T&K Zarro, LLC to Strengthen Capital Structure and Drive Shareholder Value
LAS VEGAS, May 28, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC:GTVH) ("GTV" or the "Company") is pleased to announce a pivotal agreement with T&K Zarro, LLC, managed by Tom Zarro, T&K Zarro president and the largest note holder in GTVH. This strategic agreement is a significant step towards solidifying GTVH's capital structure, expanding its business operations and enhancing shareholder value.
Under this landmark agreement, T&K Zarro, LLC has committed to a structured and disciplined sale of GTVH stock, limiting sales to no more than 10% of the daily trading volume on any given day. Additionally, T&K Zarro has agreed to a 6-month moratorium on all interest accruals within its convertible debentures held in GTVH. This moratorium period is designed to provide GTVH with the necessary time to optimize its operations and capitalize on growth opportunities. This initiative underscores GTVH's dedication to continuously enhancing shareholder value as the company scales its operations.
Steffan Dalsgaard, president of Golden Triangle Ventures, states: "This agreement marks a transformative moment for Golden Triangle Ventures. By aligning our interests with T&K Zarro, we are demonstrating our commitment to strengthening our capital structure and delivering tangible value to our shareholders. We are confident that these measures will elevate GTVH to new heights and strengthen our position in the public markets."
Zarro states: "I am fully committed to the long-term success of Golden Triangle Ventures. This agreement reflects my confidence in the company's leadership and its vision for growth. By placing a temporary moratorium on interest and adhering to a disciplined approach to stock sales, we are setting the stage for sustainable growth and enhanced shareholder value. I look forward to supporting GTVH as it embarks on this exciting journey."
This agreement is a testament to Golden Triangle Ventures' strategic foresight and dedication to fostering a robust and scalable business model. As GTVH continues to expand its operations and optimize its capital structure, shareholders can anticipate significant and sustainable growth, reinforcing their investment in the company.
About Golden Triangle Ventures, Inc.
Golden Triangle Ventures, Inc. or "GTV" is a multifaceted consulting Company, which operates as the parent business pursuing ventures in the health, entertainment and technology sectors, along with others that provide synergistic value to these three core divisions. The Company aims to purchase, acquire and/or joint venture with established entities within these areas of business. The goods and services represented are driven by innovators who have passion and commitment in these marketplaces. The Company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent the three sectors in which this Company aims to do business. Golden Triangle Ventures is highly focused on acquiring a well-diversified portfolio of companies under one umbrella, which are all managed and owned by the Company. An amazing team of professionals support each division and continue to help the Company grow daily. Being a publicly traded Company ...