16:21:10 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Sensible Meats Inc
Symbol HOTD
Shares Issued 52,300,000
Close 2023-12-19 C$ 0.07
Market Cap C$ 3,661,000
Recent Sedar Documents

Sensible issues 732,000 shares for debt of $51,240

2023-12-19 18:07 ET - News Release

Mr. Shawn Balaghi reports

SENSIBLE HOT DOGS ANNOUNCES COMPLETION OF DEBT SETTLEMENT

Sensible Meats Inc. has issued an aggregate of 732,000 common shares at a deemed price of seven cents per share to settle $51,240 in debt for past consulting and management services provided to the company.

Christopher P. Cherry, a director of Sensible, received 128,571 shares in the debt settlement. As a result, the debt settlement is a related-party transaction (as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions)). The company relied upon Section 5.7(a), the Fair Market Value Not More Than $2,500,000, and exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101.

The shares issued in the debt settlement are subject to a mandatory four-month hold period.

About Sensible Meats Inc.

Sensible Meats, doing business as Sensible Hot Dogs, is an innovative hot dog company focused on changing the playing field around America's street food. The company's goal is to transform the consumer experience of plant-based eating and to prove that tasty foods can also come from less processed, natural ingredients. Sensible is going above and beyond the impossible to deliver the world's tastiest, healthiest and smartest hot dog.

We seek Safe Harbor.

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