ISSUES SHARES IN PAYMENT OF INTEREST OUTSTANDING DEBENTURES MONTREAL, Jan. 12, 2022 /CNW Telbec/ - VOTI Detection Inc. ("VOTI" or the "Company") (TSXV: VOTI), a leading-edge Canadian technology company that develops latest-generation X–ray security systems based on 3D Perspective™ technology, today announced its intention to issue 34,884 common shares of the Company (the "Common Shares") at a deemed price of $0.43 per Common Share in payment of an aggregate of $15,000 in interest owing on December 31, 2021 on the two 10.0% senior unsecured convertible debentures of the Company which remain outstanding (the "Debentures"). Under the terms of the Debentures, the Company has the option to pay the interest on the Debentures in either cash or Common Shares on the terms set forth in the Debentures. The issuance of Common Shares in payment of interest on the Debentures is subject to the acceptance by the TSX Venture Exchange. The Common Shares issued in payment of interest on the Debentures will be subject to a four month hold period.
About VOTI Detection
VOTI Detection, headquartered in Montreal, Quebec, and listed on the TSX Venture Exchange, is a leading-edge Canadian technology company that develops latest-generation X-ray security systems based on 3D Perspective™ technology. VOTI's technology produces remarkably sharp and more revealing X-ray images that are competitively superior while delivering enhanced threat detection capabilities and an improved user experience. Since its inception, VOTI has installed scanners in more than 50 countries and has consulted heavily with government agencies and security specialists worldwide to develop feature-rich and easy-to-use scanners that meet the sophisticated needs of modern security screening operations. www.votidetection.com