HIRE Technologies Inc.: HIRE Technologies Announces Payment of Debenture Interest in Equity

HIRE Technologies Inc.: HIRE Technologies Announces Payment of Debenture Interest in Equity
Toronto, Ontario--(Newsfile Corp. - July 19, 2021) - HIRE Technologies Inc. (TSXV: HIRE) ("HIRE" or the "Company"), a company focused on modernizing and digitizing human resources solutions, today announces that it intends to satisfy its obligation to pay $73,620 in interest to the holders of its 9% unsecured debentures issued August 21 and 24, 2020 (the "Debentures") as of June 30, 2021 by issuing 204,501 common shares of the Company. The common shares will be issued at a deemed price of $0.36 per share in full satisfaction of the June 30 interest payment obligation in accordance with the terms of the Debentures. The shares for debt application remains subject to approval by the TSX Venture Exchange (the "Exchange").

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