Spirit Blockchain Completes Debt Settlement and Shares for Services Transaction
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:
- 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.