edgeTI Converts Credit Facility with Lotus to Shares

ARLINGTON, Va., June 30, 2023 (GLOBE NEWSWIRE) — Edge Total Intelligence Inc. (TSXV: CTRL, OTCQB:UNFYF, FSE: Q5i)(“edgeTI”, “We”, “Our” or the “Company”), is pleased to announce the settlement of debt owed by the Company to Lotus Domaine III LP (“Lotus“), an investment fund which is also a significant shareholder of the Company, under the line of credit dated June 1, 2022, as amended (the “Credit Facility“). The Company has issued an aggregate of 9,109,541 subordinate voting shares of the Company (“SVS“) at a deemed price of CA $0.90 per SVS (the “Debt Shares“) for the settlement of US $6,185,278.79, being the principal amount plus interest accrued, owed under the Credit Facility (the “Debt Settlement“).

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