Mr. Charles Regan reports
NERDS ON SITE INC. ANNOUNCES DEBT SETTLEMENT
Nerds On Site Inc. has received a debt settlement agreement with a director of the company whereby the company will issue 2,666,667 common shares at a price of 3.75 cents per share for a total of $100,000, subject to a four-month restricted hold and subject to exchange approval.
The 2,666,667 common shares are to be issued to a director, making this a related-party transaction. The company is relying upon exemptions contained in sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 as the fair market value of the shares being issued is less than 25 per cent of the market capitalization of the company.
About Nerds On Site Inc.
Founded in 1995, Nerds On Site is a premier provider of managed information technology and cybersecurity services, catering to businesses and individuals across North America. With a network of highly skilled IT professionals, the company specializes in delivering secure, scalable and cost-effective technology solutions. Nerds leverages its proprietary ERP system, Iamanerd, to streamline operations, enhance service delivery and ensure seamless IT support for clients in various industries. Committed to innovation, the company continues to expand its offerings in cybersecurity, risk management and remote IT services to meet the evolving needs of its customers in an increasingly digital world.
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