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Therma Bright Welcomes Healthcare and Technology Expert Steve Raysely to its Advisory Board

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Therma Bright (TSXV: THRM) (OTCQB: TBRIF) has appointed Steve Raysely to its Advisory Board, bringing over two decades of experience in healthcare and technology. Raysely, known for scaling businesses and building market strategies, specializes in medical device sales, AI-driven healthcare solutions, and strategic partnerships.

The company also announced two debt settlements: First, a proposed settlement of $168,300 through the issuance of 3,366,000 common shares at $0.05 per share, pending TSX Venture Exchange approval. Second, the completion of a previously announced debt settlement of $113,000 through the issuance of 2,825,000 common shares at $0.04 per share, with shares subject to a hold period until May 4, 2025.

Therma Bright (TSXV: THRM) (OTCQB: TBRIF) ha nominato Steve Raysely nel suo Consiglio Consultivo, portando con sé oltre due decenni di esperienza nel settore sanitario e tecnologico. Raysely, noto per la capacità di espandere le aziende e costruire strategie di mercato, è specializzato nella vendita di dispositivi medici, soluzioni sanitarie basate su intelligenza artificiale e partnership strategiche.

La società ha anche annunciato due accordi di risoluzione dei debiti: Prima, un accordo proposto di $168.300 attraverso l'emissione di 3.366.000 azioni ordinarie a $0,05 per azione, in attesa dell'approvazione della TSX Venture Exchange. In secondo luogo, il completamento di un precedente accordo di risoluzione dei debiti di $113.000 attraverso l'emissione di 2.825.000 azioni ordinarie a $0,04 per azione, con le azioni soggette a un periodo di blocco fino al 4 maggio 2025.

Therma Bright (TSXV: THRM) (OTCQB: TBRIF) ha nombrado a Steve Raysely en su Consejo Asesor, aportando más de dos décadas de experiencia en el sector de la salud y la tecnología. Raysely, conocido por escalar negocios y construir estrategias de mercado, se especializa en ventas de dispositivos médicos, soluciones de salud basadas en inteligencia artificial y asociaciones estratégicas.

La empresa también anunció dos acuerdos de liquidación de deuda: Primero, un acuerdo propuesto de $168,300 a través de la emisión de 3,366,000 acciones comunes a $0.05 por acción, pendiente de la aprobación de la TSX Venture Exchange. Segundo, la finalización de un acuerdo de liquidación de deuda previamente anunciado de $113,000 a través de la emisión de 2,825,000 acciones comunes a $0.04 por acción, con las acciones sujetas a un período de restricción hasta el 4 de mayo de 2025.

Therma Bright (TSXV: THRM) (OTCQB: TBRIF)가 스티브 레이즐리를 자문위원으로 임명하였으며, 보건의료 및 기술 분야에서 20년 이상의 경력을 보유하고 있습니다. 레이즐리는 비즈니스를 확장하고 시장 전략을 구축하는 것으로 알려져 있으며, 의료기기 판매, 인공지능 기반 헬스케어 솔루션, 전략적 파트너십에 전문성을 가지고 있습니다.

회사는 또한 두 가지 부채 합의안을 발표했습니다: 첫째, $168,300의 제안된 합의안으로 3,366,000주의 보통주를 주당 $0.05에 발행하는 것이며, TSX 벤처 거래소의 승인을 기다리고 있습니다. 둘째, $113,000의 이전에 발표된 부채 합의안이 완료되었으며 2,825,000주의 보통주를 주당 $0.04에 발행하며, 주가는 2025년 5월 4일까지 보유 기간이 있습니다.

Therma Bright (TSXV: THRM) (OTCQB: TBRIF) a nommé Steve Raysely au sein de son Conseil Consultatif, apportant plus de deux décennies d'expérience dans le secteur de la santé et de la technologie. Raysely, connu pour développer des entreprises et construire des stratégies de marché, est spécialisé dans la vente de dispositifs médicaux, les solutions de santé basées sur l'intelligence artificielle et les partenariats stratégiques.

L'entreprise a également annoncé deux règlements de dettes : Premièrement, un règlement proposé de $168,300 par l'émission de 3 366 000 actions ordinaires à 0,05 $ par action, en attente de l'approbation de la TSX Venture Exchange. Deuxièmement, l'achèvement d'un règlement de dette précédemment annoncé de $113,000 par l'émission de 2 825 000 actions ordinaires à 0,04 $ par action, avec les actions soumises à une période de blocage jusqu'au 4 mai 2025.

Therma Bright (TSXV: THRM) (OTCQB: TBRIF) hat Steve Raysely in seinen Beraterkreis berufen und bringt mehr als zwei Jahrzehnte Erfahrung im Gesundheits- und Technologiebereich mit. Raysely ist bekannt dafür, Unternehmen zu skalieren und Marktstrategien zu entwickeln und hat sich auf den Verkauf medizinischer Geräte, KI-gestützte Gesundheitslösungen und strategische Partnerschaften spezialisiert.

Das Unternehmen gab auch zwei Schuldenregelungen bekannt: Erstens, eine vorgeschlagene Regelung von $168,300 durch die Ausgabe von 3.366.000 Stammaktien zu je $0,05, die auf die Genehmigung der TSX Venture Exchange warten. Zweitens, der Abschluss einer zuvor angekündigten Schuldenregelung von $113,000 durch die Ausgabe von 2.825.000 Stammaktien zu je $0,04, wobei die Aktien bis zum 4. Mai 2025 einer Haltefrist unterliegen.

Positive
  • Addition of experienced healthcare and technology executive to Advisory Board
  • Settlement of $281,300 total debt through share issuance
Negative
  • Dilution of shareholder value through issuance of 6,191,000 new shares for debt settlement

Announces Shares for Debt Settlements

Toronto, Ontario--(Newsfile Corp. - February 4, 2025) - Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) ("Therma" or the "Company"), a developer and investment partner in advanced diagnostic and medical device technologies, is pleased to announce the addition of Steve Raysely to its Advisory Board. With deep experience in healthcare and technology sales, marketing and operations, Mr. Raysely brings a wealth of expertise to the Company's growing advisory team.

Steve Raysely is a distinguished senior executive and strategic advisor with over two decades of experience driving growth, innovation, and operational excellence. Known for his ability to scale businesses and build dynamic go-to-market strategies, Mr. Raysely expertise encompasses leadership in medical device sales, AI-driven healthcare solutions, and strategic partnership development.

As a trusted advisor to Therma Bright, Mr. Raysely will provide invaluable strategic counsel on product market positioning, commercial expansion, and the deployment of emerging health technologies. He draws upon a proven track record of identifying high-growth opportunities, optimizing customer experience and delivering sustained revenue growth.

"We are pleased that Steve has agreed to join our Advisory Board," said Rob Fia, CEO of Therma Bright. "His executive advisory approach centers on scaling distribution operations, pioneering sales, and seamlessly integrating advanced technologies to meet evolving market needs. His visionary leadership and outcome-driven approach make him a pivotal asset to Company's pursuit of transforming innovation into wellness."

Mr. Raysely joins Mr. Sommerville and Mr. Raimondo on the Advisory Board; all of whom are leveraging their networks to introduce Therma Bright, the Venowave VW5 and its other innovative diagnostic and medical device technologies to the U.S. healthcare marketplace.

Debt Settlements
The Company also announces that it has negotiated debt settlements with arm's length creditors. Subject to acceptance by the TSX Venture Exchange, the Company proposes to settle aggregate debt of $168,300 in consideration for which it will issue an aggregate of 3,366,000 common shares at a deemed price of $0.05 per share.

Therma Bright also announces that further to its press release of January 3, 2025, it has now issued an aggregate of 2,825,000 common shares at a deemed price of $0.04 per share to settle aggregate debt of $113,000. All shares issued in relation to this debt settlement are subject to a hold period expiring May 4, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

About Therma Bright Inc.
Therma Bright is a developer and partner in a wide range of leading edge, proprietary diagnostic and medical device technologies focused on providing consumers and medical professionals with quality, innovative solutions that address some of today's most important medical and healthcare challenges. Therma Bright Inc. trades on the (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX). Visit: www.thermabright.com.

Therma Bright Inc.
Rob Fia, CEO
rfia@thermabright.com

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FORWARD-LOOKING STATEMENTS
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events and related information such as future sales of Venowave as described in the news release. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-Looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether such results will be achieved. Actual results could differ materially from those anticipated due to several factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities regulations.

Neither the 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 this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239529

FAQ

What is the total value of debt being settled by Therma Bright (TBRIF) in February 2025?

Therma Bright is settling a total debt of $281,300, comprising $168,300 through new shares at $0.05 per share and $113,000 through shares at $0.04 per share.

How many new shares is TBRIF issuing for its February 2025 debt settlements?

Therma Bright is issuing a total of 6,191,000 new shares, consisting of 3,366,000 shares at $0.05 per share and 2,825,000 shares at $0.04 per share.

When does the hold period expire for TBRIF's January 2025 debt settlement shares?

The hold period for the 2,825,000 shares issued in the January 2025 debt settlement expires on May 4, 2025.

What expertise does Steve Raysely bring to Therma Bright's Advisory Board?

Steve Raysely brings over two decades of experience in healthcare and technology, specializing in medical device sales, AI-driven healthcare solutions, strategic partnerships, and scaling business operations.

Therma Bright Inc

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