00:12:39 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Bee Vectoring Technologies International Inc
Symbol BEE
Shares Issued 174,015,733
Close 2024-04-22 C$ 0.035
Market Cap C$ 6,090,551
Recent Sedar Documents

Bee Vectoring issues 11.03M shares for debt of $386,312

2024-04-23 18:20 ET - News Release

Mr. Ashish Malik reports

BEE VECTORING TECHNOLOGIES ANNOUNCES DEBT SETTLEMENT

Bee Vectoring Technologies International Inc. has entered into a debt settlement agreement to fully settle outstanding debts owed to a creditor. Pursuant to the settlement agreement, the company has issued an aggregate of 11,037,485 common shares at a deemed price of 3.5 cents per share.

The company anticipates closing the share settlement on or about April 29, 2024. The share settlement will settle $386,312 in debts owed to the creditor, which is a full settlement for the total amount of bona fide debts owed to the creditor.

The board of directors of the company has determined that it is in the best interests of the company to settle the outstanding debts by the issuance of the shares to preserve the company's cash for working capital.

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 over traditional chemical pesticides and improving the health of the soil, the microbiome and the environment. Currently, Bee Vectoring has over 55 granted patents and many more patents pending in all major agricultural countries worldwide, and has U.S. 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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