Mr. Ashish Malik reports
BEE VECTORING TECHNOLOGIES
CONVERTS 1ST TRANCHE OF LOAN
Bee Vectoring Technologies International Inc., pursuant to the news release dated Dec. 14, 2023, has converted the first tranche of $100,000 in promissory notes into 2.6 million common shares at a price of five cents per common share. The conversion of the notes into common shares included a 10-per-cent repayment penalty fee and a 20-per-cent facilitation fee payable to the noteholders. The common shares issued in satisfaction of the notes were issued in accordance to National Instrument 45-106 Section 2.42(1) and are free trading from issuance.
About Bee Vectoring Technologies International Inc.
Bee Vectoring, an agriculture technology company, is a market disruptor with a significant global market opportunity in the $240-billion crop protection and fertilizer market. Bee Vectoring has pioneered a natural precision agriculture system that replaces chemical pesticides and wasteful plant protection product spray applications by delivering biological pesticide alternatives to crops using commercially grown bees. Bee Vectoring's award-winning technology, precision vectoring, is completely harmless to bees and allows minute amounts of naturally derived pesticides (called biologicals) to be delivered directly to blooms, providing improved crop protection and yield results than traditional chemical pesticides, and improving the health of the soil, the microbiome and the environment. Currently, Bee Vectoring has over 55 granted patents, many more patents pending in all major agricultural countries worldwide and has U.S. EPA (Environmental Protection Agency) registration of its Vectorite with CR-7 (EPA registration No. 90641-2) for sale as a registered biological fungicide for use on the labelled crops.
We seek Safe Harbor.
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