News Formal

Company Announces Financing Plan & Debt Settlement

  • 📰 mining
  • ⏱ Reading Time:
  • 18 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

Business News

The company plans to raise $150,000 for working capital and administrative expenses through the issuance of common shares with warrants. The proceeds will be used for general and administrative expenses, annual audit costs, and corporate expenses. The company also announced a debt settlement totaling up to $366,402, with the issuance of common shares at a price of $0.01 per share.

that it plans to raise $150,000 for working capital and administrative expenses the details of which are below.”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issue

The Comapny also wishes to announce the settlement of up to $366,402 of debt with the issuance of 36,640,200 common shares priced at $0.01 per share. Management and directors will be participating in the debt settlement for a total of $189,750. All securities issued in these offerings are subject to a 4-month hold period from the date of closing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 449. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Underdog Sports Announces Investment in Responsible Gambling CompanyUnderdog Sports announces investment in responsible gambling company, Game Saftey Institute.
Source: Covers - 🏆 341. / 59 Read more »

SK Hynix shares jump as company announces mass production of updated AI chipThe South Korean giant has been a main supplier of the high-bandwidth memory chips catering to AI chipsets for companies like Nvidia.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Historic Cleveland company Samsel Supply announces that it will close soonSamsel Supply Co. will close by the end of 2024
Source: clevelanddotcom - 🏆 301. / 63 Read more »

OpenAI CTO Mira Murati announces she's leaving the companyOpenAI chief technology officer Mira Murati said Wednesday she is leaving the company after more than six years.
Source: NBCLA - 🏆 319. / 59 Read more »

Austin Gold Announces Passing Of Company Director Ben LeboeAustin Gold announces with great sadness the passing of company director Ben Leboe. Leboe was an experienced director and business executive, a certified accountant, business valuator, and management consultant. He will be dearly missed.
Source: mining - 🏆 449. / 53 Read more »

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ companySeven & i Holdings has rejected a takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying it “is not in the best interest” of its shareholders and stakeholders.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »