Stay updated with breaking news from Melina rizzuto. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Lendified Completes Shares for Debt Transaction streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Lendified Holdings Inc.: Lendified Completes Shares for Debt Transaction Company or Lendified ) is pleased to announce that it has completed its shares for debt settlement as announced on May 14, 2021 and July 29, 2021. The Company has settled an aggregate of $10,618,310.53 of outstanding indebtedness with certain creditors (the Debt Conversion ) through the issuance of 212,366,210 common shares of the Company at a price of $0.05 per share. The common shares issued are subject to a four-month hold period under applicable law expiring on December 1, 2021. Certain parties to the Debt Conversions are related parties of the Company accounted for an aggregate of $5,156,965.45 of the Debt Conversion. The settlement of debt and the issuance of common shares in the Debt Conversion to such parties is a related party transaction pursuant to Multilateral Instrument 61-101 - ....