IAHL Corporate Update

Rhea-AI Summary

IAHL Corp. has shifted its reporting date to on or before October 31, 2021, due to delays in securing land from 31 landowners for a mega project in Latin America, which is 85% complete. Funding for the project has been closed, allowing the company to start drawing down funds to engage initial vendors. Although trading restrictions will persist until full disclosure is provided, the company’s OTC account remains open and has been verified. Importantly, no changes to the share structure have occurred since inception.

Positive

• Funding for the Latin America project has been successfully closed.
• The project is approximately 85% complete, indicating progress.
• No changes to share structure have been made, preserving shareholder value.

Negative

• Delay in reporting due to incomplete land acquisition.
• Trading restrictions will continue until full project disclosure.

Our intended reporting date has moved to on or before Oct 31.

ORLANDO, FL / ACCESSWIRE / September 27, 2021 / IAHL Corp. (OTC PINK:IAHL) We were hoping to conform by the September 28th deadline but our partners in the mega project we are part of have not secured all of the land from the 31 landowners where phase 1 of the project will be located in Latin America.

It is close to 85 percent complete and if we release full disclosure the remaining land would increase in price significantly. On the positive side we announce the project has closed funding and is getting ready to draw down first amounts to secure initial vendors and companies whose contracts are already being negotiated to be in place for first distribution of funding.

We know the restrictions in trading will continue until we fully disclose however our OTC account is open and company has already been vetted and verified so once we release normal trading should resume quickly.

The company has not changed the share structure or sold any stock into the market since its inception.

No change in share structure is needed as the project development and assets will be used as collateral for the funding.

Once we move to reporting status all aspects of the project will be revealed and total of funding for the project.

We thank our shareholders and investors for continued patience over this short time period.

On behalf of the entire altenesol team and partners

Contact: info@altensol.com

SOURCE: IAHL Corp.

View source version on accesswire.com:
https://www.accesswire.com/665695/IAHL-Corporate-Update

FAQ

What is the new reporting date for IAHL Corp.?

The new reporting date for IAHL Corp. has moved to on or before October 31, 2021.

What is the current status of the mega project by IAHL Corp.?

The mega project is 85% complete but is facing delays in securing land from several landowners.

Has IAHL Corp. made any changes to its share structure?

No, IAHL Corp. has not changed its share structure or sold any stock into the market since its inception.

What are the implications of the funding closure for IAHL Corp.?

The closure of funding allows IAHL Corp. to draw down initial amounts to engage vendors for the project.

Why are there trading restrictions for IAHL Corp.?

Trading restrictions will remain until IAHL Corp. fully discloses details about the project.