Mr. Stephen Wall reports
VEJI ANNOUNCES INTENTION TO COMPLETE SHARES FOR DEBT TRANSACTION
To settle a debt of $73,272 owing to a creditor, Veji Holdings Ltd. intends to issue the creditor an aggregate of 1,332,220 common shares at a price of 5.5 cents per share.
The company intends to complete the shares-for-debt transaction to improve its financial position by reducing its existing liabilities. All shares issued by the company to the creditor will be subject to a four-month-and-one-day hold period. The shares-for-debt transaction remains subject to Canadian Securities Exchange acceptance. No new control person of the company will be created pursuant to the shares-for-debt transaction.
About Veji Holdings Ltd.
The company is a reporting issuer in Canada and is listed on the Canadian Securities Exchange under the symbol VEJI.X and on the OTC under the symbol VEJIF.
We seek Safe Harbor.
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