Lendified Holdings Inc.: Lendified Provides an Update on Proposed Debt Conversions
Company or
Lendified ) is pleased to provide an update regarding its proposed conversion of existing debt obligations for common shares of the Company (the
Proposed Conversion ), as previously announced on May 14, 2021. The Company intends to complete the Proposed Conversion of certain existing debt into common shares of the Company (
Common Shares ) on or about July 30, 2021 at a price of $0.05 per Common Share. Pursuant to the Proposed Conversion, it is expected that approximately $10,618,310.53 of existing debt of the Company will convert into approximately 212,366,210
Common Shares.
There can be no assurances that the Proposed Conversion will be completed on the terms set out herein, or at all. The Proposed Conversion is subject to the approval of the TSX Venture Exchange (
Wireless Roundup (August 2021) | Wiley Rein LLP
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