Subject: Veji News release - April 23 EOD
Word Document
File: '\\swfile\EmailIn\20240423 145356 Attachment 2024-04-23 News Release - Shares for Debt.docx'
1414-8324-7372, v. 1
Veji Announces Intention to Complete Shares for Debt Transaction
VANCOUVER, BC, April 23, 2024 - Veji Holdings Ltd. ("Veji" or the "Company") (CSE: VEJI.X; OTC: VEJIF) is pleased to announce that, in order to settle a debt of $73,272 owing to a creditor (the "Creditor"), it intends to issue the Creditor an aggregate of 1,332,220 common shares (each, a "Share") at a price of $0.055 per Share (the "Shares for Debt Transaction").
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 CSE 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". For more information, please visit www.VejiHoldings.com
Contact Information
Stephen Wall
Director and CEO
Telephone: 1-800-473-5548
Email: stephenwall@outlook.com
Forward-Looking Statements
This news release contains certain forward-looking statements. The use of the word "expected", "projected", "pursuing", "plans" and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this news release include statements regarding the Shares for Debt Transaction, CSE acceptance thereof and the terms thereof. The forward-looking statements are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events or results, or otherwise, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.
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