Mr. Vasily Ryabov reports
ARHT MEDIA INC. CONFIRMS ISSUE OF SHARES IN SATISFACTION OF JUNE 30, 2024 INTEREST PAYMENT DUE ON SECURED SUBORDINATED DEBENTURES
Arht Media Inc. has satisfied an aggregate of $175,787.35 of interest owed to certain arm's-length and non-arm's length holders of debentures through the issuance of an aggregate of 2,929,793 common shares of the company at a price of six cents per share. The debentures were issued in August, 2023, February, 2024, and June, 2024, respectively, mature on Aug. 3, 2025, and carry an annual interest rate of 15 per cent, accrued and payable semi-annually on each of June 30 and Dec. 31, payable in cash or common shares at the option of the company and subject to the approval of the TSX Venture Exchange. See press releases dated Aug. 3, 2023, Jan. 2, 2024, Feb. 20, 2024, June 7, 2024, and July 24, 2024.
All common shares issued in connection with the debt settlement are subject to a hold period of four months plus a day from the issuance and the resale rules of applicable securities legislation.
About Arht Media Inc.
Arht is a pioneer and the global leader in live hologram technology. Thanks to its patented end-to-end technology, executives, medical experts, educators, entertainers and thought leaders can travel at the speed of light to any destination.
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