Dr. John Huber reports
TRIPSITTER ANNOUNCES DEBT SETTLEMENT
TripSitter Clinic Ltd. has reached agreement with certain creditors of the company to settle an aggregate of $373,250 in liabilities through the issuance of 6,635,555 common shares of the company at a deemed price of 5.625 cents per share.
It is anticipated that Zeeshan Khan, the company's chief financial officer, and Cabazon Capital Corp., an insider of the company, will participate in the debt settlement.
Securities issued under the debt settlement will be subject to a statutory hold period of four months and one day from the date of issuance. The debt settlement is subject to approval of the Canadian Securities Exchange.
We seek Safe Harbor.
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