Ms. Carolyn Myers reports
FENDX ANNOUNCES PROPOSED SHARES FOR DEBT SETTLEMENT
Fendx Technologies Inc. intends to complete a shares-for-debt settlement with a creditor at a price of 22.5 cents per share, to settle $112,500 of advisory fees through the issuance of 500,000 common shares. Completion of the debt settlement is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange. The shares to be issued will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable securities laws.
About Fendx Technologies Inc.
Fendx is a Canada-based nanotechnology company focused on developing products to make people's lives safer by reducing the spread of pathogens. The company is developing both film and spray products to protect surfaces from contamination. The lead product under development, the Repelwrap film, is a protective surface coating film that, due to its repelling properties, prevents the adhesion of pathogens and reduces their transmission on surfaces prone to contamination. The spray nanotechnology is a bifunctional spray coating being developed to reduce contamination on surfaces by repelling and killing pathogens. The company is conducting research and development activities using its nanotechnology in collaboration with industry-leading partners, including McMaster University. The company has an exclusive worldwide licence to its technology and an intellectual property portfolio from McMaster, which encompass both film and spray coating nanotechnology formulations.
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