Debt settlement

Crosswinds Holdings Inc. Announces Debt Settlement

Thursday, June 10, 2021 - 11:59pm

Pursuant to the Debt Settlement, Generic Capital Corporation, a company beneficially owned and controlled by Albert Contardi, acquired 7,933,670 Common Shares of the Company.

Key Points: 
  • Pursuant to the Debt Settlement, Generic Capital Corporation, a company beneficially owned and controlled by Albert Contardi, acquired 7,933,670 Common Shares of the Company.
  • Prior to the completion of the Debt Settlement, Mr. Contardi did not beneficially own or control any Common Shares of the Company.
  • Pursuant to the Debt Settlement, Irwin Professional Corporation, a company beneficially owned and controlled by Chris Irwin, acquired 3,500,000 Common Shares of the Company.
  • A material change report will be filed less than 21 days before the closing date of the debt settlement.

Santacruz Silver Mining Ltd. Announces Settlement of Debts with Third Party Creditors

Tuesday, June 8, 2021 - 3:17am

Pursuant to the terms of a debt settlement agreement dated as of the date hereof, the Company has agreed to issue 9,907,530 common shares of the Company (the "Manquiri Settlement Shares") in settlement of outstanding debts totaling C$4,280,053 (US$3,545,438) (the "Manquiri Debt") owing to Empresa Minera Manquiri, S.A. ("Manquiri").

Key Points: 
  • Pursuant to the terms of a debt settlement agreement dated as of the date hereof, the Company has agreed to issue 9,907,530 common shares of the Company (the "Manquiri Settlement Shares") in settlement of outstanding debts totaling C$4,280,053 (US$3,545,438) (the "Manquiri Debt") owing to Empresa Minera Manquiri, S.A. ("Manquiri").
  • By issuing the Settlement Shares, the Manquiri Debt and Gilloyna Debt will be definitively extinguished.
  • The Company is proposing to issue the Settlement Shares in order to preserve cash to fund future operations.
  • About Santacruz Silver Mining Ltd.
    Santacruz is a Mexican focused silver company that currently owns and operates the Rosario Project and the Zimapan Mine.

CardioComm Solutions Completes Issuance of Shares for Debt

Wednesday, May 12, 2021 - 2:00pm

b'Toronto, Ontario--(Newsfile Corp. - May 12, 2021) - CardioComm Solutions, Inc. (TSXV: EKG) ("CardioComm" or the "Company"), a global medical provider of consumer heart monitoring and medical electrocardiogram ("ECG") software solutions, announced that it has completed its previously announced issuance of shares for debt (see the Company\'s press releases dated April 27, 2021 and April 8, 2021 for further details).\nUnder debt settlement agreements, the Company has issued an aggregate of 3,353,644 common shares of the Company ("Shares") to directors, employees and consultants of the Company to settle debt for services provided to the Company.

Key Points: 
  • b'Toronto, Ontario--(Newsfile Corp. - May 12, 2021) - CardioComm Solutions, Inc. (TSXV: EKG) ("CardioComm" or the "Company"), a global medical provider of consumer heart monitoring and medical electrocardiogram ("ECG") software solutions, announced that it has completed its previously announced issuance of shares for debt (see the Company\'s press releases dated April 27, 2021 and April 8, 2021 for further details).\nUnder debt settlement agreements, the Company has issued an aggregate of 3,353,644 common shares of the Company ("Shares") to directors, employees and consultants of the Company to settle debt for services provided to the Company.
  • Products are sold worldwide through a combination of an external distribution network and a North American-based sales team.
  • CardioComm Solutions has earned the ISO 13485 certification, is HIPAA compliant and holds clearances from the European Union (CE Mark), the USA (FDA) and Canada (Health Canada).\nFOR FURTHER INFORMATION PLEASE CONTACT:\nThis release may contain certain forward-looking statements and forward-looking information with respect to the financial condition, results of operations and business of CardioComm Solutions and certain of the plans and objectives of CardioComm Solutions with respect to these items.
  • Such statements and information reflect management\'s current beliefs and are based on information currently available to management.

Pegasus Resources Issues Shares for Debt

Friday, May 7, 2021 - 11:26pm

b'VANCOUVER, British Columbia, May 07, 2021 (GLOBE NEWSWIRE) -- Pegasus Resources Inc. (TSX-V: PEGA; Frankfurt \xe2\x80\x93 OQS2, OTC/Pink Sheet symbol SLTFF) (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cPegasus\xe2\x80\x9d) announces that the Company has settled an outstanding indebtedness with a creditor (the \xe2\x80\x9cShares for Debt Settlement\xe2\x80\x9d) through the issuance of common shares of the Company, which was approved by the TSX Venture Exchange.

Key Points: 
  • b'VANCOUVER, British Columbia, May 07, 2021 (GLOBE NEWSWIRE) -- Pegasus Resources Inc. (TSX-V: PEGA; Frankfurt \xe2\x80\x93 OQS2, OTC/Pink Sheet symbol SLTFF) (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cPegasus\xe2\x80\x9d) announces that the Company has settled an outstanding indebtedness with a creditor (the \xe2\x80\x9cShares for Debt Settlement\xe2\x80\x9d) through the issuance of common shares of the Company, which was approved by the TSX Venture Exchange.
  • Pursuant to the Shares for Debt Settlement, the Company has issued a total of 400,000 common shares of Pegasus at a deemed price of $0.05 per share in satisfaction of an outstanding amount of $20,000.
  • The common shares issued pursuant to the Shares for Debt Settlement will be subject to a four month hold from the applicable date of issuance.\nPegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America.
  • The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value.

FogChain Announces Shares For Debt Settlement

Thursday, April 15, 2021 - 10:16pm

b'VANCOUVER, BC, April 15, 2021 /CNW/ -FogChain Corp.(CSE: FOG.X) (OTCB: FOGCF) (FRA: MUU3) (the "Company" or "FogChain"), announces that the Company intends to settle a total of$85,000of debt (the "Debt") owed to an administrative services provider of the Company, through the issuance of an aggregate of 1,545,454 common shares of the Company (the "Debt Shares") at a deemed price of $0.055 per Debt Share (the "Debt Settlement").\nAll the Debt Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.\nFogChain was previously seeking to be an end-to-end software development life cycle (SDLC) and quality assurance solutions provider, but the Company\'s business is now limited to identifying and evaluating assets or businesses for an acquisition.\nThis press release contains forward-looking statements.

Key Points: 
  • b'VANCOUVER, BC, April 15, 2021 /CNW/ -FogChain Corp.(CSE: FOG.X) (OTCB: FOGCF) (FRA: MUU3) (the "Company" or "FogChain"), announces that the Company intends to settle a total of$85,000of debt (the "Debt") owed to an administrative services provider of the Company, through the issuance of an aggregate of 1,545,454 common shares of the Company (the "Debt Shares") at a deemed price of $0.055 per Debt Share (the "Debt Settlement").\nAll the Debt Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.\nFogChain was previously seeking to be an end-to-end software development life cycle (SDLC) and quality assurance solutions provider, but the Company\'s business is now limited to identifying and evaluating assets or businesses for an acquisition.\nThis press release contains forward-looking statements.
  • Forward-looking statements include those relating to the settlement of the Debt and the corresponding issuance of the Debt Shares.
  • Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management\'s experience and perception of trends, current conditions and expected developments.
  • The CSE has in no way passed upon the merits of the proposed Debt Settlement and has neither approved nor disapproved the contents of this news release.\n'

TurboFinance Releases Their New Guide on Debt Settlement

Monday, April 12, 2021 - 2:00pm

b"JACKSONVILLE, Fla., April 12, 2021 /PRNewswire-PRWeb/ -- The professional debt consultants from TurboFinance have released their newest informational guide for those with financial struggles, this time focused in on the subject of a debt settlement.

Key Points: 
  • b"JACKSONVILLE, Fla., April 12, 2021 /PRNewswire-PRWeb/ -- The professional debt consultants from TurboFinance have released their newest informational guide for those with financial struggles, this time focused in on the subject of a debt settlement.
  • This process is usually undertaken with the assistance of a third-party debt settlement company who helps by negotiating alongside you.
  • This process can also be known as debt reduction or debt resolution, but is ultimately a settlement negotiation that can positively result in having a large part of any debt forgiven.
  • Worse, some creditors simply may not even agree to negotiate your outstanding debt, even with a debt settlement company.

Range Energy Closes Debt Settlement

Thursday, April 8, 2021 - 9:15pm

VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) -- Range Energy Resources Inc. (the Company or Range Energy) (CSE: RGO.X) (FWB: YGK) announces that further to the news releases dated March 10, 2021 and March 26, 2021 , it has closed the previously announced debt settlement and it has issued an aggregate of 1,408,560 common shares (Shares) to creditors at a deemed price of $0.65 per Share and an aggregate of 12,569,823 Shares at a deemed price of $1.95 per Share to settle $25,426,718.85 in debt (the Debt Settlement).

Key Points: 
  • VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) -- Range Energy Resources Inc. (the Company or Range Energy) (CSE: RGO.X) (FWB: YGK) announces that further to the news releases dated March 10, 2021 and March 26, 2021 , it has closed the previously announced debt settlement and it has issued an aggregate of 1,408,560 common shares (Shares) to creditors at a deemed price of $0.65 per Share and an aggregate of 12,569,823 Shares at a deemed price of $1.95 per Share to settle $25,426,718.85 in debt (the Debt Settlement).
  • The Insider Debt was owed to 2706791 Ontario Inc. (Holdco), a company controlled by Mr. Allan Bezanson, a director and CEO of Range Energy.
  • Before closing the Debt Settlement, Holdco owned approximately 71% of Range Energys Shares.
  • Upon closing the Debt Settlement Holdco owns approximately 86% of Range Energys issued and outstanding Shares.

DEBT SETTLEMENT INDUSTRY: "FOR CONSUMER RIGHTS, WE NEED TO NIX HOUSE BILL 76"

Tuesday, March 23, 2021 - 6:03pm

The bill, entitled "Modernize Debt Settlement Prohibition," seeks to remove the right to choose debt settlement from North Carolinians as an option to get out from under the burden of unsecured debt.

Key Points: 
  • The bill, entitled "Modernize Debt Settlement Prohibition," seeks to remove the right to choose debt settlement from North Carolinians as an option to get out from under the burden of unsecured debt.
  • "In these days of economic difficulty and personal debt spiraling out of control, people need help.
  • For many people struggling with personal debt across the country, finding debt settlement has been a massive relief because bankruptcy could be avoided.
  • Based in Houston, Texas, Beyond Finance, LLC is a leader in the debt settlement industry and serves clients burdened by unsecured debt.

PreveCeutical Announces Debt Settlement and Conversion of Debt

Saturday, March 13, 2021 - 12:59am

The Company entered into shares for debt settlement agreements with a current director and a company controlled by a current director (each a "Creditor"), pursuant to which the Company agreed to issue to each Creditor, and each Creditor agreed to accept 1,640,625 Shares (the "Settlement Shares") at a price of $0.032 per Share in full and final settlement (the "Debt Settlement") of accrued and outstanding indebtedness in the amount of $52,500 for directors' fees (the "Debt") owing to each such Creditor (the "Debt Settlement").

Key Points: 
  • The Company entered into shares for debt settlement agreements with a current director and a company controlled by a current director (each a "Creditor"), pursuant to which the Company agreed to issue to each Creditor, and each Creditor agreed to accept 1,640,625 Shares (the "Settlement Shares") at a price of $0.032 per Share in full and final settlement (the "Debt Settlement") of accrued and outstanding indebtedness in the amount of $52,500 for directors' fees (the "Debt") owing to each such Creditor (the "Debt Settlement").
  • The Settlement Shares will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the Canadian Securities Exchange.
  • The Assignee has elected to convert the Assigned Amount into an aggregate of 16,272,951 Shares (the "Conversion Shares").
  • PreveCeutical is a health sciences company that develops innovative options for preventive and curative therapies utilizing organic and nature identical products.

Elixxer Ltd. Announces Amendment to Proposed Debt Settlement Transactions

Tuesday, March 9, 2021 - 10:03pm

The AIP Debt Settlement will result in AIP becoming a control person of Elixxer.

Key Points: 
  • The AIP Debt Settlement will result in AIP becoming a control person of Elixxer.
  • As such, the AIP Debt Settlement as proposed is subject to the Corporation obtaining shareholder approval which will be sought at the Corporations next annual and special meeting of shareholders.
  • Completion of the AIP Debt Settlement and the Arlington Debt Settlement as proposed is, in each case, subject to (i) completion of definitive agreements; (ii) approval of the TSXV; and (iii) shareholder approval as outlined above.
  • All securities issued pursuant to the settlement of the AIP Debt Settlement and the Arlington Debt Settlement will be subject to hold period of four months and one day from the date of issuance.