BlueRush Elects to Convert Convertible Debentures
TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) — BlueRush Inc. (“BlueRush” or the “Company“) (TSXV:BTV; OTCQB:BTVRF), a pioneering personalized video Software as a Service (“SaaS“) company, announces its election to convert $750,000 of principal under two convertible debentures issued in 2018 held by arm’s length lenders. Under the terms of the convertible debentures the Company had the option to convert principal on the maturity date (October 31, 2023). Accordingly, the Company has issued an aggregate of 1,428,573 in satisfaction of the $750,000 of principal due to the two lenders on today’s maturity date. The shares issuable are no subject to any statutory hold periods.
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