Rubicon Organics Announces Debt Settlement Agreement
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VANCOUVER, British Columbia, July 30, 2024 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), is pleased to announce that it has entered into a debt settlement agreement (the “Debt Settlement Agreement”) as of July 15, 2024 with one director of the Company (the “Creditor”) to settle $25,400 of director fees (the “Debt”) in consideration for the issuance of 59,764 fully paid common shares (the “Debt Shares”) in the capital of the Company (the “Common Shares”) with an assigned issue price of $0.42 per Common Share (collectively, the “Shares for Debt Transaction”). The Debt comprises the outstanding balance owed by the Company to the Creditor.
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