Ms. Carolyn Myers reports
FENDX ANNOUNCES CORPORATE UPDATE
Fendx Technologies Inc. intends to complete share-for-debt settlements with two arm's-length creditors at a deemed price of 77 cents per share, to settle an aggregate of $25,257 of consulting fees, which were payable in shares, through the issuance of 32,800 common shares. The shares proposed to be issued pursuant to the debt settlements will be subject to a statutory four-month-and-one-day hold period in accordance with applicable securities laws. The closing of the debt settlements will be subject to certain customary conditions precedent, including the company's receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.
About Fendx Technologies Inc.
Fendx is a surface protection company developing innovative solutions to help reduce the spread of harmful pathogens in everyday environments. Leveraging proprietary technologies, the company is advancing a portfolio of protective surface coatings, including Repelwrap film, a liquid-based nanocoating technology and a specialized Foley catheter coating. The company is focused on building a robust intellectual property portfolio in the surface protection space, and is committed to identifying and advancing new technologies and materials that enhance hygiene and safety across health care, consumer and commercial settings.
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