Elixxer Ltd. Announces Shares for Debt Transaction |
Donnerstag, 22. August 2019 23:00 |
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MONTRÉAL, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Elixxer Ltd. (TSX-V: ELXR / OTCQB: LGGCF) (“Elixxer” or the “Company”) announces that it has entered into an agreement to settle an aggregate amount of CAD$60,000 for services rendered to the Company by an arm’s length service provider through the issuance of common shares of Elixxer (the “Debt Settlement”). Pursuant to the Debt Settlement, Elixxer would issue a total of 600,000 common shares at a deemed issue price of CAD$0.10 per share. The Debt Settlement is being undertaken by the Company in order to preserve cash for its operations. Completion of the Debt Settlement is subject to acceptance by the TSX Venture Exchange, and any shares issued pursuant to the Debt Settlement will be subject to a four-month hold period commencing on the date of issuance. For further information, please contact: John McMullen, President Mark Shinners, Chief Financial Officer Renmark Financial Communications Inc. Caution Regarding Press Releases Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Notice Regarding Forward Looking Statements |
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