Wellfield Announces Shares for Debt Transaction
Wellfield Technologies (TSXV: WFLD) (OTC Pink: WFLDF) has announced a shares for debt transaction to settle $244,500 in outstanding consulting payables. The company will issue 4,657,142 common shares at a deemed price of $0.0525 per share to satisfy these obligations.
The shares will be issued following TSX Venture Exchange acceptance and will be subject to a four-month plus one day hold period in accordance with applicable securities laws and exchange policies. All creditors involved in the transaction are arm's length parties to the company.
Wellfield Technologies (TSXV: WFLD) (OTC Pink: WFLDF) ha annunciato una transazione di scambio azioni per estinguere $244,500 in debiti per consulenze non pagati. L'azienda emetterà 4.657.142 azioni ordinarie a un prezzo presunto di $0.0525 per azione per soddisfare tali obbligazioni.
Le azioni saranno emesse dopo l'accettazione da parte della TSX Venture Exchange e saranno soggette a un periodo di blocco di quattro mesi più un giorno, in conformità con le leggi sui titoli e le politiche di scambio applicabili. Tutti i creditori coinvolti nella transazione sono parti terze rispetto all'azienda.
Wellfield Technologies (TSXV: WFLD) (OTC Pink: WFLDF) ha anunciado una transacción de intercambio de acciones para saldar $244,500 en deudas pendientes por consultoría. La empresa emitirá 4,657,142 acciones ordinarias a un precio considerado de $0.0525 por acción para cumplir con estas obligaciones.
Las acciones se emitirán tras la aceptación de la TSX Venture Exchange y estarán sujetas a un período de retención de cuatro meses más un día, de acuerdo con las leyes de valores y las políticas de intercambio aplicables. Todos los acreedores involucrados en la transacción son partes independientes de la empresa.
웰필드 테크놀로지스 (TSXV: WFLD) (OTC Pink: WFLDF)는 미지급 컨설팅 비용 $244,500을 정산하기 위한 주식 교환 거래를 발표했습니다. 회사는 이러한 의무를 이행하기 위해 4,657,142 보통주를 주당 $0.0525의 추정 가격으로 발행할 것입니다.
주식은 TSX 벤처 거래소의 승인을 받은 후 발행되며, 관련 증권법 및 거래소 정책에 따라 4개월 + 1일의 보유 기간이 적용됩니다. 거래에 관련된 모든 채권자는 회사와 독립적인 제3자입니다.
Wellfield Technologies (TSXV: WFLD) (OTC Pink: WFLDF) a annoncé une transaction d'échange d'actions pour régler $244,500 de dettes de conseil impayées. La société émettra 4,657,142 actions ordinaires à un prix réputé de $0.0525 par action pour satisfaire ces obligations.
Les actions seront émises après acceptation par la TSX Venture Exchange et seront soumises à une période de blocage de quatre mois plus un jour, conformément aux lois sur les valeurs mobilières et aux politiques d'échange applicables. Tous les créanciers impliqués dans la transaction sont des parties indépendantes de l'entreprise.
Wellfield Technologies (TSXV: WFLD) (OTC Pink: WFLDF) hat eine Aktien-gegen-Schulden-Transaktion angekündigt, um $244,500 an ausstehenden Beratungszahlungen zu begleichen. Das Unternehmen wird 4.657.142 Stammaktien zu einem angenommenen Preis von $0.0525 pro Aktie ausgeben, um diese Verpflichtungen zu erfüllen.
Die Aktien werden nach der Genehmigung durch die TSX Venture Exchange ausgegeben und unterliegen einer Haltedauer von vier Monaten plus einem Tag gemäß den geltenden Wertpapiergesetzen und Börsenrichtlinien. Alle Gläubiger, die an der Transaktion beteiligt sind, sind unabhängige Dritte des Unternehmens.
- Reduces cash obligations by $244,500
- Preserves cash liquidity
- Debt settlement without interest payments
- Share dilution of 4,657,142 new shares
- Low share price of $0.0525 indicates weak market conditions
Toronto, Ontario--(Newsfile Corp. - February 27, 2025) - Wellfield Technologies Inc. (TSXV: WFLD) (OTC Pink: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") is pleased to announce that it has entered into shares for debt agreements (the "Agreements"), to satisfy an aggregate of
About Wellfield Technologies
Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions that leverage blockchain technology for consumers and institutions. Our retail platform Coinmama provides seamless access to the cryptocurrency market for over 3.8 million registered users across 180 countries, including friendly self-custody solutions and disruptive DeFi services. Wellfield operates Tradewind Markets as a real-world-asset tokenization platform with our flagship VaultChain™ Gold and VaultChain™ Silver, backed by physical metal custodied with the Royal Canadian Mint. Expanding our offerings for institutional clients, we acquired Brane Trust and are working towards regulatory approval to operate as Canada's second qualified digital asset custodian.
Join Wellfield's digital community on LinkedIn and Twitter, and for more details, visit wellfield.io.
For further information contact:
Wellfield Technologies Inc.
Levy Cohen, CEO
levyc@wellfield.io
(832) 483-2575
Ryan Graybill, Investor Relations
ryan.graybill@wellfield.io
Cautionary Notice on Forward-Looking Statements
This news release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking information in this news release includes statements regarding the approval of the TSX Venture Exchange of the transactions contemplated herein, which are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward- looking information necessarily involves known and unknown risks and uncertainties, which may cause the Company's actual performance and results in to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the Company satisfying the conditions for TSX Venture Exchange approval of the transactions herein; and general business, financial market, economic, competitive, political and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the disclosure documents accessible on the Company's SEDAR+ profile at www.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has approved nor disapproved the contents of this news release, nor do they accept 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/242761
FAQ
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