Ms. Juliet Jones reports
NUBEVA ANNOUNCES ISSUANCE OF SHARES FOR DEBT
Nubeva Technologies Ltd. intends to settle debt with a creditor of the company through the issuance of common shares of the company. All dollar amounts in this news release are stated in Canadian dollars.
The debt settlement will consist of the issuance of an aggregate of 46,052 common shares of the company at a deemed price of $1.14 per common share, in consideration of the settlement of a total of $52,500 in debt owing to the creditor. The creditor is at arm's length to the company. The issuance of the common shares is subject to the approval of the TSX Venture Exchange.
About Nubeva Technologies Ltd.
Nubeva develops and licenses proprietary software for the decryption of network traffic. Nubeva's next-generation SKI (session key intercept) technology represents a better, faster, easier and lower-cost alternative to legacy decryption. Its solution provides a complete option for manufacturers, integrators and managed services providers of cybersecurity and application assurance solutions. Today, nearly all network traffic uses transport layer security (formerly secure sockets layer) for security and privacy, yet enterprises still must see the data in motion to detect and respond to cybersecurity threats and application performance issues. With constant evolution in TLS protocols and the advancements in application, network and computing architectures, gaps continue to grow in the legacy decryption methods. Nubeva's SKI technology represents the next-generation solution for the industry moving forward.
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