They do not have money....................-
They do not have money always the same story ...
Hit Technologies to issue 3.03 million shares for debt
2018-06-29 19:24 ET - News Release
Mr. Brooks Bergreen reports
HIT TECHNOLOGIES ANNOUNCES PROPOSED SHARES FOR DEBT TRANSACTION
Hit Technologies Inc. intends to settle an aggregate of $151,636.75 of indebtedness owed to certain arm's-length and non-arm's-length creditors through the issuance of an aggregate of 3,032,735 common shares at a deemed issuance price of five cents per common share, of which 600,000 common shares will be issued to a non-arm's-length creditor.
All common shares issued to settle the debt will be subject to a hold period of four months and one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval. Completion of the transaction will allow the company to significantly improve its current working capital deficiency position.
We seek Safe Harbor.
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