Caduceus Corp Announces the Settlement of Debt and the Write-Off of $3,039,880 in Liabilities
ACCESSWIRE
11 May 2021, 02:31 GMT+10
CHEYENNE, WY / ACCESSWIRE / May 10, 2021 / CADUCEUS CORP, INC. (OTC PINK:CSOC) ('Caduceus' or the 'Company'), a publicly traded holding company focused on strategic consumer goods acquisitions is pleased to announce that the Company has been negotiating the settlement of debts from previous management.
Caduceus Corp has achieved a first major milestone by signing a debt settlement agreement with the former director and other related parties, for a definitive write-off of outstanding unsecured debts with a principal total amount of $3,039,880, including accounts payable and accrued expenses $56,314, accrued expenses - related party $386,650, accrued interest $15,511, notes payable - related parties $2,400,000, loans payable $128,753 and loans from officer $52,652.