Mr. Nicholas Konkin reports
MEDIA CENTRAL CORPORATION INC. ISSUES SHARES FOR DEBT
Media Central Corporation Inc.'s board of directors has approved the settlement of $98,275 of debt through the issuance of common shares of the company. Pursuant to the debt settlement, Media Central will issue 2,456,875 common shares of the company at a deemed price of four cents per share to certain creditors of the company.
The share issuance is subject to regulatory and exchange approvals, and will be subject to a standard hold period expiring on the date that is four months and one day from the date of issue.
About Media Central Corporation Inc.
Media Central is an independent media company situated to acquire and develop high-quality publishing assets, starting with the recent acquisition of NOW Magazine and the launch of digital cannabis platform CannCentral.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.