DGTL Holdings Inc. Reports Conversion of Debentures into Equity

Rhea-AI Summary

DGTL Holdings Inc. announces the conversion of unsecured convertible debenture units, issuing 2,893,333 common shares at $0.30 per share, totaling $868,000. This follows a previous issuance of 666,667 common shares for $200,000 last year. The total issued common shares now stand at 63,985,104.

Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - DGTL Holdings Inc. (TSXV: DGTL) (OTC Pink: DGTHF) (FSE: D0G) (the "Company" or "DGTL") announces that in accordance with the terms and conditions of the unsecured convertible debenture units issued on March 1, 2022, (the "Debenture Units"), DGTL has received all formal conversion notices from the Debenture Unit holders to issue 2,893,333 common shares of the Company (the "Common Shares") as settlement on an aggregate principal amount of $868,000, following a previous issuance of 666,667 Common Shares for the settlement of $200,000 of Debenture Units which took place last year, on February 27, 2023. All Common Shares have, and will, be issued at the conversion price of $0.30 per Common Share. The total issued and outstanding Common Shares of the Company following the conversion of the Debenture Units is 63,985,104.

DGTL Holdings Inc.
Email: IR@dgtlinc.com
Phone: +1 (877) 879-3485

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199747

FAQ

How many common shares did DGTL issue for the settlement of $868,000?

DGTL issued 2,893,333 common shares for the settlement of $868,000.

What was the conversion price per common share?

The conversion price per common share was $0.30.

What is the total number of issued common shares after the conversion of the debenture units?

The total issued common shares after the conversion of the debenture units is 63,985,104.

When did the previous issuance of common shares for the settlement of debenture units occur?

The previous issuance of common shares for the settlement of debenture units occurred on February 27, 2023.