other material
confidence high
sentiment neutral
materiality 0.65
N2OFF settles CDN$2.05M debt with Plantify, to hold 65.4% of its common shares
Nexentis Technologies Inc.
- Debt of CDN$2,052,879.39 settled via 2,420,848 Plantify shares at CDN$0.848 per share.
- After closing, N2OFF will hold approximately 65.4% of Plantify's outstanding common shares.
- Debt comprised CDN$1,691,342.47 from matured convertible debenture and US$258,240.66 from line of credit draws.
- Closing conditional on TSX Venture Exchange approval; shares unregistered and subject to resale restrictions.