The TSX Venture Exchange has accepted for filing the company's proposal to issue 39,976,622 common shares and 36,929,955 share purchase warrants to settle an aggregate outstanding debt for $1,199,298.66.
Number of creditors: eight creditors
Total non-arm's-length-party involvement: $91,400, 3,046,667 shares at three cents (two parties)
Warrants: 36,929,955 share purchase warrants to purchase 36,929,955 shares
Warrant exercise price: five cents for a two-year period
For further details, please refer to the company's news releases dated Feb. 21, 2024, and June 3, 2024. The company shall issue a news release when the shares are issued and the debt extinguished.
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