11:02:12 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Fogchain to issue 1.54 million shares for debt

2021-04-15 17:30 ET - News Release

An anonymous director reports

FOGCHAIN ANNOUNCES SHARES FOR DEBT SETTLEMENT

Fogchain Corp. intends to settle a total of $85,000 of debt owed to an administrative services provider of the company, through the issuance of an aggregate of 1,545,454 common shares of the company, at a deemed price of 5.5 cents per debt share.

All the debt shares issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.

About Fogchain Corp.

Fogchain was previously seeking to be an end-to-end software development life cycle (SDLC) and quality assurance solutions provider, but the company's business is now limited to identifying and evaluating assets or businesses for an acquisition.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.