Toronto, Ontario–(Newsfile Corp. – June 21, 2023) – Prophecy DeFi Inc. (CSE: PDFI) (“Prophecy DeFi” or the “Firm“), pronounces that it has agreed to settle an combination of $105,000 of indebtedness owed to sure collectors via the issuance of an combination of 700,000 frequent shares (every, a “Frequent Share“) within the capital of the Firm at a worth of $0.15 per Frequent Share (the “Debt Settlement“).
The Debt Settlement stays topic to receipt of all essential company and regulatory approvals, together with the approval of the Canadian Securities Alternate. All Frequent Shares issued in reference to the Debt Settlement can be topic to a statutory maintain interval of 4 months plus a day from the date of issuance in accordance with relevant securities laws.
About Prophecy DeFi
Prophecy DeFi (CSE: PDFI) offers retail and institutional traders with entry to the decentralized finance sector by bridging the hole between DeFi and conventional finance. Prophecy DeFi invests in various DeFi and Net 3.0 startups to create new enterprise alternatives in a coherent ecosystem.
For additional data, please contact:
John McMahon, CEO
Tel: (416) 764-0314
Electronic mail: jmcmahon@prophecydefi.com
Ahead-Wanting Info
Sure data set forth on this information launch could comprise forward-looking data that entails substantial identified and unknown dangers and uncertainties. This forward-looking data is topic to quite a few dangers and uncertainties, sure of that are past the management of the Firm, together with, however not restricted to, the affect of common financial situations, trade situations, and dependence upon regulatory approvals and the likelihood that the completion of the transaction could not happen. Readers are cautioned that the assumptions used within the preparation of such data, though thought-about affordable on the time of preparation, could show to be imprecise and, as such, undue reliance shouldn’t be positioned on forward-looking data. The events undertake no obligation to replace forward-looking data besides as in any other case could also be required by relevant securities regulation.
Neither the Canadian Securities Alternate nor the Funding Trade Regulatory Group of Canada accepts accountability for the adequacy or accuracy of this launch.
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