Mr. John McMahon reports
PROPHECY DEFI ANNOUNCES DEBT SETTLEMENT
Prophecy Defi Inc. has agreed to settle an aggregate of $105,000 of indebtedness owed to certain creditors through the issuance of an aggregate of 700,000 common shares in the capital of the company at a price of 15 cents per common share.
The debt settlement remains subject to receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. All common shares issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
About Prophecy Defi Inc.
Prophecy Defi (CSE: PDFI) provides retail and institutional investors with access to the decentralized finance sector by bridging the gap between defi and traditional finance. Prophecy Defi invests in diverse defi and Web 3.0 start-ups to create new business opportunities in a coherent ecosystem.
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