Sanwire Corporation Retires 100 Million Common Shares and Provides Shareholder Update
LOS ANGELES, CA / ACCESSWIRE / April 20, 2021 / Sanwire Corporation, a diversified company with a focus on technologies for the entertainment industry ( Sanwire or the Company ) (OTC PINK:SNWR), and its 100% wholly owned subsidiary, Intercept Music Inc. ( Intercept ), are pleased to provide the following annual updates.
Sanwire has reached an agreement with a major shareholder/Company officer to retire 100 million common shares; effective immediately. This share retirement coupled with the cancellation of over $1,000,000 of debt including the cancellation of over $400,000 of convertible notes and interest in 2020 has greatly improved Sanwire s balance sheet and enhanced its ability to attract senior institutional investors. In March 2021, Sanwire announced institutional investment from Proactive Capital Partners.
Sanwire Corporation Retires 100 Million Common Shares and Provides Shareholder Update theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.