COLLINGWOOD, Ont., Dec. 23, 2022 (GLOBE NEWSWIRE) — The Limestone Boat Company (“limestone” or the “Pursue“) BOATLMSBF – Owner and builder of Aquasport Boats, Limestone^® Boats and Boca Bay Boats – announces today that it does not anticipate paying interest on the Company’s issued and outstanding Notes due December 31, 2009.

The Company also announces that Ebbtide Holdings LLC, its wholly owned operating subsidiary in Tennessee, has received notification of the termination of its spatial planning relationship with its primary provider, effective immediately. The Company is actively exploring alternative floor planning options for its dealers.

The Company continues to pursue alternative liquidity and financing proposals and remains committed to resuming its long-term operations as soon as possible.

About Limestone Boat Company Limited
The Limestone Boat Company – Owner and Manufacturer of Aquasport Boats, Limestone^® Boats and Boca Bay Boats – publicly traded on the Toronto Venture Exchange under the ticker symbol BOAT and on the US-based OTCQB^® Venture Market under the ticker symbol LMSBF. They are headquartered in Collingwood, Ontario and have a 145,000 square foot manufacturing facility in White Bluff, Tennessee.

For more information contact:
Bill Mitoulas | Investor Relations
800-720-2395
bill@limestoneboats.com
www.limestoneboatcompany.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release and other publicly available documents, including the documents referenced herein, constitute forward-looking information or forward-looking statements (collectively, “forward-looking information)”. These statements relate to future events or…