Chemesis International Inc CADMF

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[Chris333]

 

Chemesis Int'l settles $234,176 debt with shares

 

2021-05-14 17:21 ET - News Release

 

Mr. Josh Rosenberg reports

CHEMESIS INTERNATIONAL INC. ANNOUNCES SETTLEMENT OF DEBT

Chemesis International Inc. has entered into debt settlement agreements with certain convertible debentureholders and other creditors, pursuant to which it has discharged an aggregate total indebtedness of $234,176 on the following basis:

 

• $234,176 in convertible debt for services rendered through the issuance of an aggregate total of 396,913 common shares of the company at a deemed price of 59 cents per common share to certain creditors of the company. The securities issued pursuant to the debt settlements are subject to a four-month hold period from the date of issuance.

 

We seek Safe Harbor.

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[guyf1963]

This report shows that the shares awarded to 11 individuals in ontario. IMO, strong possibility that they are the same individuals that participated in a couple of PP before the 10:1 RS.  https://webfiles.thecse.com/20210511_CSI_Form_9_Notice_Issuance_Listed_Securities_Initial_Final.pdf?eucv0rCRVBUtQxqLCSIFiv8njY4w6psA=