79North Announces Shares for Debt Transaction
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
TORONTO, June 25, 2024 (GLOBE NEWSWIRE) — 79North Inc. (CSE: JQ) (“79North” or the “Company”) announces that it will enter into a series of debt settlement agreements (the “Settlement Agreements”) for the issuance of 1,960,900 common shares in the capital of the Company (the “Shares”) at a deemed price of $0.025 per Share to certain creditors of the Company (the “Creditors”) for settlement of debts owing to the Creditors in an aggregate amount of $49,022.60 pursuant to the previously announced demand promissory notes entered into between the Company and the Creditors (the “Shares for Debt Settlement”).