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Aquarius Surgical Technologies Inc. has announced a Debt Settlement Agreement to eliminate $196,000 in accrued debt by issuing 3,920,000 common shares. These shares will have a four-month hold period from issuance. This transaction involves a related party, Sinalta Investments Ltd., controlled by director N. Gary Van Nest. The company will utilize an exemption from formal valuation and minority shareholder approval due to financial hardship provisions. Aquarius specializes in minimally invasive medical laser systems for urology, enhancing patient care and operational efficiency.
Aquarius Surgical Technologies Inc. (CSE:ASTI) has issued a total of 600,000 shares, at $0.065 each, to four non-executive directors and corporate officers as compensation for services. This issuance was made under the prospectus exemption of NI 45-106 s. 2.24 and is not subject to a hold period. Aquarius specializes in innovative, minimally invasive medical laser systems primarily for urology and aims to enhance patient care while improving operational efficiency.
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