Conversion of Interest into Equity (Shares for Debt)
The Company also announces the issuance of 39,584 common shares (the “Shares”) as settlement of payments of interest accrued equal to $4,750 between October 26, 2019 and October 31, 2019 in connection with convertible debentures issued on October 25, 2019 (the “Debentures”). In a news release dated October 25, 2019, the Company had announced the completion of a private placement offering of the Debentures and the terms of such offering.
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