Debt settlement

BIOVAXYS ANNOUNCES PLANNED PRIVATE PLACEMENT AND DEBT SETTLEMENT

Retrieved on: 
Monday, January 8, 2024

VANCOUVER, BC, Jan. 8, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV, FRA: 5LB, OTCQB: BVAXF) ("BioVaxys" or the "Company") announces that it intends to complete a non-brokered private placement (the "Private Placement") consisting of up to 53,333,333 units ("Units") at a price of $0.03 per Unit for total gross proceeds of CAD$1,600,000.

Key Points: 
  • VANCOUVER, BC, Jan. 8, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV, FRA: 5LB, OTCQB: BVAXF) ("BioVaxys" or the "Company") announces that it intends to complete a non-brokered private placement (the "Private Placement") consisting of up to 53,333,333 units ("Units") at a price of $0.03 per Unit for total gross proceeds of CAD$1,600,000.
  • Each Warrant is exercisable for one additional Common Share at an exercise price of $0.05 for a period of 24 months.
  • All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance.
  • Closing of the Debt Settlement is conditional upon a number of conditions, including finalizing all contractual documentation and receipt of all applicable regulatory approvals and the policies of the CSE.

BIOVAXYS ANNOUNCES PLANNED PRIVATE PLACEMENT AND DEBT SETTLEMENT

Retrieved on: 
Monday, January 8, 2024

VANCOUVER, BC, Jan. 8, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV, FRA: 5LB, OTCQB: BVAXF) ("BioVaxys" or the "Company") announces that it intends to complete a non-brokered private placement (the "Private Placement") consisting of up to 53,333,333 units ("Units") at a price of $0.03 per Unit for total gross proceeds of CAD$1,600,000.

Key Points: 
  • VANCOUVER, BC, Jan. 8, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV, FRA: 5LB, OTCQB: BVAXF) ("BioVaxys" or the "Company") announces that it intends to complete a non-brokered private placement (the "Private Placement") consisting of up to 53,333,333 units ("Units") at a price of $0.03 per Unit for total gross proceeds of CAD$1,600,000.
  • Each Warrant is exercisable for one additional Common Share at an exercise price of $0.05 for a period of 24 months.
  • All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance.
  • Closing of the Debt Settlement is conditional upon a number of conditions, including finalizing all contractual documentation and receipt of all applicable regulatory approvals and the policies of the CSE.

Ayurcann Provides a Corporate Update, Completes Debt Settlement and Grants Options and RSUs

Retrieved on: 
Saturday, January 6, 2024

Ayurcann products under its ‘FUEGO’, ‘XPLOR’ and ‘H&S’ brands have been well received across the provinces with new flavours, innovation and value contributing to their growth, exposure and sales.

Key Points: 
  • Ayurcann products under its ‘FUEGO’, ‘XPLOR’ and ‘H&S’ brands have been well received across the provinces with new flavours, innovation and value contributing to their growth, exposure and sales.
  • With a focus on the fastest growing category of infused pre-roll, Ayurcann has launched 6 new SKUs for its flavour forward vapes.
  • The Company granted an aggregate of 700,000 Options and an aggregate of 550,000 RSUs to certain employees and consultants of the Company.
  • Effective January 5, 2024, the Company settled debt owing to 238 Ontario and 1000 Ontario in the aggregate amount of $1,512,000 ( a “Transaction”).

ARHT Media Inc. Issues Shares Related to Semi-Annual Interest Payment on Secured Subordinated Debentures

Retrieved on: 
Tuesday, January 2, 2024

Under the terms of the Debentures, the interest payable to the holders of Debentures is payable in Common Shares at a price per Common Share equal to the Market Price on December 29, 2023.

Key Points: 
  • Under the terms of the Debentures, the interest payable to the holders of Debentures is payable in Common Shares at a price per Common Share equal to the Market Price on December 29, 2023.
  • All Common Shares issued in connection with the Debt Settlement are subject to a hold period of 4 months plus a day from the issuance and the resale rules of applicable securities legislation.
  • Certain directors, officers and other insiders of the Company acquired direction and control over a total of 537,905 Common Shares under the Debt Settlement.
  • The participation of those persons in the Debt Settlement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61‑101 ‑Protection of Minority Security Holders in Special Transactions (“MI 61‑101”).

ASEP INC. ANNOUNCES CLOSING OF DEBT SETTLEMENT

Retrieved on: 
Thursday, December 28, 2023

The Common Shares and Warrants are subject to a statutory hold period expiring four months and one day after closing of the Debt Settlement.

Key Points: 
  • The Common Shares and Warrants are subject to a statutory hold period expiring four months and one day after closing of the Debt Settlement.
  • The Debt Settlement with J.M.
  • As the material change report disclosing the Insider Settlement is being filed less than 21 days before the transaction, there is a requirement under MI 61‐101 to explain why the shorter period was reasonable or necessary in the circumstances.
  • In the view of the Company, it is necessary to immediately close the Insider Settlement and therefore, such shorter period is reasonable and necessary in the circumstances to improve the Company's financial position.

Teako Announces Shares for Debt Transactions and Completion of Securities Exchange with The Coring Company

Retrieved on: 
Tuesday, December 19, 2023

The Company will enter into shares for debt agreements with each Creditor in connection with the Debt Settlement.

Key Points: 
  • The Company will enter into shares for debt agreements with each Creditor in connection with the Debt Settlement.
  • The Settlement Shares will be subject to a four-month and one-day hold period in accordance with applicable securities laws.
  • In addition, the Company is pleased to announce that further to signing the definitive securities exchange agreement with The Coring Company (or "TCC") ( see news release dated October 2, 2023 ), the Company issued 2,790,816 Common Shares to TCC on October 12, 2023 in exchange for 4.9% of the issued and outstanding common shares of TCC (the "TCC Shares"), equal to 626,521 TCC Shares with a valuation of C$1.6 Million.
  • The Common Shares issued by Teako to TCC are subject to a four-month and one-day hold period.

AYURCANN ANNOUNCES AGSM RESULTS

Retrieved on: 
Saturday, December 23, 2023

45,460,371 Common Shares held by interested parties were ineligible to vote.

Key Points: 
  • 45,460,371 Common Shares held by interested parties were ineligible to vote.
  • Approved by a majority of minority Shareholders.
  • 47,397,497 Common Shares held by interested parties were ineligible to vote.
  • The Company intends to complete the Debt Settlement in or around the first week of January 2024, and will disseminate a subsequent press release once completed.

Sensible Hot Dogs Announces Completion of Debt Settlement

Retrieved on: 
Tuesday, December 19, 2023

Sensible Hot Dogs (referred to as "Sensible") ( NEO: HOTD ), a pioneering plant-based hot dog company focused on revolutionising America's street food scene, announces that it has issued an aggregate of 732,000 common shares (each a “Share”) at a deemed price of $0.07 per Share to settle $51,240 in debt (the “Debt Settlement”) for past consulting and management services provided to the Company.

Key Points: 
  • Sensible Hot Dogs (referred to as "Sensible") ( NEO: HOTD ), a pioneering plant-based hot dog company focused on revolutionising America's street food scene, announces that it has issued an aggregate of 732,000 common shares (each a “Share”) at a deemed price of $0.07 per Share to settle $51,240 in debt (the “Debt Settlement”) for past consulting and management services provided to the Company.
  • Christopher P. Cherry, a director of Sensible, received 128,571 Shares in the Debt Settlement.
  • As a result, the Debt Settlement is a is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
  • The Shares issued in the Debt Settlement are subject to a mandatory 4 month hold period.

Spirit Blockchain Completes Debt Settlement and Shares for Services Transaction

Retrieved on: 
Friday, November 10, 2023

Vancouver, British Columbia, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR) (the “Company” or “Spirit”) a leading digital asset investment firm‎, announces the following corporate updates:

Key Points: 
  • Vancouver, British Columbia, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR) (the “Company” or “Spirit”) a leading digital asset investment firm‎, announces the following corporate updates:
    The Company has settled outstanding indebtedness (the “Debt Settlement”) of the Company in the aggregate amount of ‎$36,500.00 (the “Debt”), pursuant to the terms of a debt settlement agreement with an arm’s length creditor (the “Creditor”).
  • In settlement of the Debt, the Company has issued $18,250.00 in cash and an aggregate of ‎456,250‎ common shares in the capital of the Company (the “Common Shares”) to the Creditor at a price of $0.04 per Common Share.
  • The Company has also issued an aggregate of ‎1,025,000‎ Common Shares at a price of $0.05 per Common Share to certain directors of the Company (the “Shares for Services”) .
  • The Shares for Services have been issued in lieu of cash payments for services rendered pursuant to consulting agreements whereby these individuals provided various management services to the Company.

Reklaim Ltd's Posts Consecutive Profitable Quarters, Q3-2023 Profitability Soars by 107%

Retrieved on: 
Thursday, November 9, 2023

With positive operating cash flow for Q3 and 119% YTD revenue growth, Reklaim is well-positioned for a profitable 2023.

Key Points: 
  • With positive operating cash flow for Q3 and 119% YTD revenue growth, Reklaim is well-positioned for a profitable 2023.
  • Continued Profitability: Reklaim continues its streak of success with the second consecutive quarter of profitability, demonstrating a substantial leap in its financial performance.
  • The company reported a quarterly profit of $529,914 for Q3-2023, marking an impressive 107% increase compared to Q2-2023.
  • Year-to-Date Success: The company's overall profitability for the year-to-date period ending September 30, 2023, has reached an impressive $635,828.