Company Settles Debt by Issuing Shares

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Company,Debt,Shares

A company has agreed to issue shares to settle a debt owed to a creditor. The share settlement is expected to be completed by April 2, 2024.

The Company has reached a settlement agreement with a creditor to issue 937,540 common shares in order to settle a debt of $37,395.68. The share settlement is expected to be completed by April 2, 2024.

The board of directors believes that settling the debt through share issuance is in the best interest of the company.

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