TORONTO, Oct. 15, 2021 /CNW/ - SPOT COFFEE
(CANADA) LTD. (TSX-V:
SPP) ("SPoT" or the "Company") is pleased to
announce the completion of its previously announced shares for debt
settlement. The Company previously entered into agreements
with three holders of outstanding unsecured promissory notes to
settle the principal amounts owing thereunder (in the aggregate
amount of $753,395) via the issuance
of an aggregate of 15,067,900 common shares of the Company at a
price of $0.05 per share. All
of the foregoing shares have been issued today and are subject to a
statutory four-month hold period in accordance with applicable
securities laws, which will expire on February 16, 2022.
Forward Looking Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made and are
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking statements. The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement. Except as
required by applicable securities laws, the Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
SOURCE Spot Coffee (Canada)
Ltd.