Debt settlement

Spirit Blockchain Completes Debt Settlement and Shares for Services Transaction

Retrieved on: 
Friday, November 10, 2023
Blockchain Capital, Indian stock exchange, Minority, CSE, Related party transaction, Bank statement, Debt settlement, NHS Shared Business Services, SPIR, Debt, Multilateral, Security (finance), Service, Share (finance)

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
CAD, Debt, SEDAR, OTC, Legislation, Preferential creditor, Financial statement, Indian stock exchange, Debt settlement, Privacy, YTD, Satellite navigation device, Clothing, Cryptocurrency, Q3

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.

Reklaim Ltd. Slashes Debt Through Successful Debt Conversion Initiative

Retrieved on: 
Tuesday, October 24, 2023
Debt settlement, OTC, Indian stock exchange, TSX, Security (finance)

The Company plans to settle indebtedness of $100,000 by issuing 1,250,000 Common Shares at a deemed price of $0.08 per Common Share, reducing its outstanding debt by 9%.

Key Points: 
  • The Company plans to settle indebtedness of $100,000 by issuing 1,250,000 Common Shares at a deemed price of $0.08 per Common Share, reducing its outstanding debt by 9%.
  • This latest conversion comes on the heels of a year of financial strength, during which the company has managed to cut its debt load by 39% while consistently maintaining profitability .
  • Reklaim Ltd. remains committed to achieving financial stability and creating value for its shareholders.
  • This strategic Debt Settlement marks another positive step forward in that journey.

ProStar Announces Ohio Cumberland Gas Company Adopts PointMan to Enhance Their Gas Line Operations

Retrieved on: 
Monday, October 16, 2023
TSX Venture Exchange, Pointman, ITG, Debt settlement, Sycamore-13th Street Grouping, Transport, USD, Safety, Public utilities commission, MasterCraft, Tax, Legislation, United States Department of Transportation, FSE, California Public Utilities Commission, Cryptocurrency, Bank

GRAND JUNCTION, Colo., Oct. 16, 2023 (GLOBE NEWSWIRE) -- ProStar Holdings Inc., (“ProStar®” or the “Company”) (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping Solutions®, is pleased to announce that Ohio Cumberland Gas Company (“Ohio Cumberland”), has adopted ProStar’s precision mapping technology, PointMan® to enhance the management of their gas service and distribution lines.

Key Points: 
  • GRAND JUNCTION, Colo., Oct. 16, 2023 (GLOBE NEWSWIRE) -- ProStar Holdings Inc., (“ProStar®” or the “Company”) (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00), a world leader in Precision Mapping Solutions®, is pleased to announce that Ohio Cumberland Gas Company (“Ohio Cumberland”), has adopted ProStar’s precision mapping technology, PointMan® to enhance the management of their gas service and distribution lines.
  • Ohio Cumberland currently has over 300 miles of gathering and distribution lines servicing parts of Knox, Ashland, Coshocton, Holmes, Licking, Morrow, and Richland counties.
  • As a public utility, Ohio Cumberland is subject to the supervision and jurisdiction of the Public Utilities Commission of Ohio and the United States Department of Transportation.
  • “PointMan is specifically designed to help transition companies like Ohio Cumberland Gas away from paper maps to a cloud and mobile digital mapping solution, which aims to improve operations and address safety and environmental concerns,” stated Page Tucker, CEO of ProStar.

Neural Therapeutics Announces Closing of First Tranche of Private Placement and Debt Settlement and Change of Auditors

Retrieved on: 
Monday, October 2, 2023
Exercise, Minority, MI, Private, Early warning, Chartered Professional Accountant, Research, Audit committee, Warrant, Private placement, Debt settlement, The Finders (movement), National instrument, HCA, Change, Multilateral, Legislation, Annual general meeting, Security (finance), Audit, Auditor, Nervous system

Toronto, Ontario--(Newsfile Corp. - October 2, 2023) - Neural Therapeutics Inc. ("Neural" or the "Company"), an ethnobotanical drug-discovery and development company, is pleased to announce that it has closed the first tranche of the private placement ("Private Placement") for gross proceeds of $293,346.42 and completed debt settlement of approximately $327,845.49 ("Debt Settlement").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - October 2, 2023) - Neural Therapeutics Inc. ("Neural" or the "Company"), an ethnobotanical drug-discovery and development company, is pleased to announce that it has closed the first tranche of the private placement ("Private Placement") for gross proceeds of $293,346.42 and completed debt settlement of approximately $327,845.49 ("Debt Settlement").
  • In connection with closing the first tranche of the Private Placement, Neural paid cash finders' fees of $12,587 and issued 419,564 finders' warrants ("Finders' Warrants").
  • Neural anticipates that it may close additional rounds of the Private Placement, which will be announced by way of press releases.
  • Prior to the Debt Settlement and the Private Placement, John Durfy and HCA held 4,465,967 Neural Shares, which represents 9.91% of the issued and outstanding Neural Shares.

Ceylon Graphite Announces Appointment of CFO and Debt Settlement

Retrieved on: 
Tuesday, September 12, 2023
MI, TSX Venture Exchange, FSE, CYL, Debt settlement, OTC, CCY, Debt, CFO, Knowledge, KPMG, Security (finance)

Ceylon would like to thank Mr. Abdiye for his past contributions and wishes him success in his future endeavours.

Key Points: 
  • Ceylon would like to thank Mr. Abdiye for his past contributions and wishes him success in his future endeavours.
  • The participation by the insiders in the Debt Settlement is considered a “related party transaction” as defined under Multilateral Instrument 61-101 ("MI 61-101").
  • The debt settlement with each related party was unanimously approved by the Company's independent directors.
  • The Company will file a material change report in connection with the Debt Settlement but likely not before 21 days prior to the closing of the Debt Settlement, which the Company deems reasonable in the circumstances so as to be able to close the Debt Settlement as expeditiously as possible.

REKLAIM LTD ANNOUNCES PARTICIPATION IN THREE INVESTOR CONFERENCES AND FURTHER DEBT REDUCTION

Retrieved on: 
Monday, September 11, 2023
Debt settlement, Indian stock exchange, British Virgin Islands company law, Security (finance)

Additionally, the company is pleased to announce that it closed a debt settlement agreement executed on July 11, 2023, to satisfy certain outstanding indebtedness owed to a specific arm's length creditor (the "Creditor") through the issuance of common shares (the "Common Shares") of the Company (the "Debt Settlement").

Key Points: 
  • Additionally, the company is pleased to announce that it closed a debt settlement agreement executed on July 11, 2023, to satisfy certain outstanding indebtedness owed to a specific arm's length creditor (the "Creditor") through the issuance of common shares (the "Common Shares") of the Company (the "Debt Settlement").
  • The Company plans to settle indebtedness of $100,000 by issuing 2,000,000 Common Shares of Reklaim Ltd. at a deemed price of $0.05 per Common Share.
  • In addition, the ‎Common Shares issued pursuant to the Debt Settlement will be subject to a four-month hold period from the date of issuance.
  • The company also wishes to announce that Kevin Shea has stepped down from the Company's Board of Directors, effective September 8, 2023.

Edge Total Intelligence Inc. Reports Second Quarter 2023 and Consolidated 2023 Results

Retrieved on: 
Wednesday, August 30, 2023
DTC, Partnership, TSX Venture Exchange, Data mesh, FICC, Artificial Intelligence for IT Operations, Debt settlement, Line of credit, Intelligent automation, Secure, OTC Markets Group, Global Innovation through Science and Technology initiative, Intelligence, FSE, United States Department of Veterans Affairs, Pharmacy, Automation, Depository Trust Company, Government, Operational Energy Service (France), Technet, Traction, British Armed Forces communications and information systems, Primary Dealer Credit Facility, OTC, AFCEA, Artificial intelligence, Growth, Digital twin, AI, Credit, Conference, CTRL, Retail, Cryptocurrency, Security (finance), Medical device, Q2, Veteran, Lotus

ARLINGTON, Va., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Edge Total Intelligence Inc. (TSXV: CTRL, OTC: UNFYF, FSE: Q5i)(“edgeTI”, “we”, “our” or the “Company”), a leader in real-time digital operations, announces operating and consolidated results for the second quarter 2023 (“Q2-2023”).

Key Points: 
  • ARLINGTON, Va., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Edge Total Intelligence Inc. (TSXV: CTRL, OTC: UNFYF, FSE: Q5i)(“edgeTI”, “we”, “our” or the “Company”), a leader in real-time digital operations, announces operating and consolidated results for the second quarter 2023 (“Q2-2023”).
  • The Company’s related financials and management discussion and analysis for the second quarter 2023 are posted on its profile on SEDAR+ ( www.sedar.com ) and OTC Markets .
  • Subscription revenue grew 10% to $894,732 for Q2-2023 from $814,749 the quarter ending June 30, 2022 (“Q2-2022”) as six months ended subscription revenue reached $1,808,864.
  • On May 9, 2023 the Company formed a strategic partnership with Grokstream, LLC ("Grokstream"), a leader in artificial intelligence for IT operations (AIOps).

Reklaim Announces Results of Annual General and Special Shareholders Meeting and Shareholder Approval of Omnibus Equity Incentive Plan

Retrieved on: 
Thursday, August 24, 2023
Indian stock exchange, TSX Venture Exchange, MNP, RSU, Debt settlement, OR, OTCQB, Meeting, MNP LLP, Corporation, Social Democrats (Slovenia), SEDAR, Remuneration, PSU, Security (finance)

At the Meeting, all director nominees, Neil Sweeney , Robert Fernicola, Kevin Shea, Brad Marks, Andrew Elinesky, and Jason Maguire, were re-elected as directors of the Company.

Key Points: 
  • At the Meeting, all director nominees, Neil Sweeney , Robert Fernicola, Kevin Shea, Brad Marks, Andrew Elinesky, and Jason Maguire, were re-elected as directors of the Company.
  • In addition, shareholders of the Company approved the Omnibus Equity Incentive Plan (the "Omnibus Incentive Plan") to replace the existing stock option plan.
  • A copy of the Omnibus Incentive Plan and further details are included in the Company's management information circular regarding the Meeting dated July 27, 2023, and available on SEDAR at www.sedarplus.com .
  • The Omnibus Incentive Plan remains subject to the final approval of the TSXV.

DeFi Technologies Inc. Announces Q2 2023 Financial Results with AUM at CAD$183 million - up 73% from the Previous Year-End And Other Corporate Updates

Retrieved on: 
Wednesday, August 23, 2023
Bitcoin, Carbon, Newton, ETP, Minority, Partnership, MI, Digital, Debt settlement, Valor, Consultant, Web 3.0, AUM, Investment, OTC, Debt, Yoy, Growth, The Company, Financial management, NEO, Cryptocurrency, Financial adviser, Bank

Key Highlights of Q2 2023:

Key Points: 
  • Key Highlights of Q2 2023:
    The Company reported a healthy cash balance at June 30, 2023 of $3.7 million compared to $4.9 million at December 31, 2022.
  • AUM grew 73% to $183 million as of June 30, 2023, up from $106 million as of December 31, 2022.
  • Total revenues reached $8.0 million and $4.4 million for the three and six months ended June 30, 2023.
  • The net loss for the three and six months ended June 30, 2023 was minimal at $(16) thousand and $(8.7) million.