The TSX Venture Exchange has accepted for filing the company's proposal to issue 7,178,418 common shares at a deemed price of 17 cents per common shares to settle outstanding debt for $1,220,331.
Number of creditors: seven creditors
Insiders: Nitin Kaushal, $50,000, 294,118 shares at 17 cents;
Arthur Kwan, $50,000, 294,118 shares at 17 cents;
Binyomin Posen, $31,831, 187,241 shares at 17 cents;
Rahim Kanji, $12,500, 73,529 shares at 17 cents;
Andy Palalas, $30,000, 176,471 shares at 17 cents
The company shall issue a news release when the shares are issued and the debt extinguished.
© 2021 Canjex Publishing Ltd. All rights reserved.