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Lendified Holdings Inc.: Lendified Completes Shares for Debt Transaction


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 - ....

United States , Kostenloser Wertpapierhandel , Melina Rizzuto , John Gillberry , National Instrument , Newsfile Corp , Lendified Holdings Inc , Gesmex Corporation , Regulation Services Provider , Venture Exchange , Hampton Bay Capital Inc , Debt Conversions , Debt Conversion , Multilateral Instrument , Minority Security Holders , Special Transactions , United States Securities Act , Early Warning System , Related Take Over Bid , Insider Reporting Issues , Canadian Securities Administrators , Chief Executive Officer , ஒன்றுபட்டது மாநிலங்களில் , மெலினா ரிஜ்ஜுடோ , தேசிய கருவி , ஒழுங்குமுறை சேவைகள் வழங்குநர் ,

Lendified Holdings Inc.: Lendified Provides an Update on Proposed Debt Conversions


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 ( ....

United States , Kostenloser Wertpapierhandel , John Gillberry , Company Common , Company The Proposed Conversion , Lendified Holdings Inc , Newsfile Corp , Regulation Services Provider , Venture Exchange , Hampton Bay Capital Inc , Proposed Conversion , Multilateral Instrument , Minority Security Holders , Special Transactions , United States Securities Act , Chief Executive Officer , ஒன்றுபட்டது மாநிலங்களில் , நிறுவனம் பொதுவானது , ஒழுங்குமுறை சேவைகள் வழங்குநர் , துணிகர பரிமாற்றம் , ஹாம்ப்டன் வளைகுடா மூலதனம் இன்க் , ப்ரபோஸ்ட் மாற்றம் , சிறுபான்மை பாதுகாப்பு வைத்திருப்பவர்கள் , சிறப்பு பரிவர்த்தனைகள் , ஒன்றுபட்டது மாநிலங்களில் பத்திரங்கள் நாடகம் , தலைமை நிர்வாகி அதிகாரி ,