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Company Announces Financing Plan & Debt Settlement

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Business समाचार

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.

 

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