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TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — KMT-Hansa Corp. (the “Company”) is happy to announce that it has negotiated numerous debt conversion agreements (collectively, the “Debt Agreements”) with 7 collectors (collectively, the “Collectors”), all of that are arm’s size events to the Company.
Pursuant to the phrases of the Debt Agreements, the Company has agreed to problem an combination of as much as 28,571,428 widespread shares (“Debt Shares”) to the Collectors in change for the cancellation of as much as $1 million in debt owing to the events. The Debt Shares are being issued at a deemed value of $0.035 per Debt Share.
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The Debt Shares issued pursuant to the Debt Agreements are topic to a statutory 4 (4) month maintain interval.
For additional data please contact:
Jay Vieira
Director and Chief Govt Officer
E-mail: kmthansa@gmail.com
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty
for the adequacy or accuracy of this launch.
Ahead Trying Statements
This information launch incorporates “forward-looking statements” throughout the which means of the USA Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities laws. Typically, these forward-looking statements will be recognized by means of forward-looking terminology similar to “plans”, “anticipated”, “expects” or “doesn’t anticipate”, “is predicted”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will likely be taken”, “happen” or “be achieved”. KMT-Hansa is topic to important dangers and uncertainties which can trigger the precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements contained on this launch. KMT-Hansa can not guarantee buyers that precise outcomes will likely be in keeping with these forward-looking statements and KMT-Hansa assumes no obligation to replace or revise the forward-looking statements contained on this launch to mirror precise occasions or new circumstances.
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