NetworkNewsBreaks – Plus Products Inc. (CSE: PLU
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Posted On: 09/12/2019 5:38:40 PM
NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Enters Agreement for Debt Private Placement
Plus Products (CSE: PLUS) (OTCQB: PLPRF), a leading cannabis branded products company in California, on Wednesday announced its entry into an agreement with a certain arm’s length party with respect to the settlement of USD$1,044,806.03 owing or to be owing to such creditor for services rendered. Plus Products has agreed, as payment in full of such amount, to issue to the creditor or its assignee 318,471 units of the company, each at a deemed price of CAD$4.32. Each unit consists of one subordinate voting share in the capital of the company and one warrant. Until five years from the date of the grant, each warrant will entitle the holder to subscribe for one additional share at a price of CAD$4.32 per share.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Plus Products (CSE: PLUS) (OTCQB: PLPRF), a leading cannabis branded products company in California, on Wednesday announced its entry into an agreement with a certain arm’s length party with respect to the settlement of USD$1,044,806.03 owing or to be owing to such creditor for services rendered. Plus Products has agreed, as payment in full of such amount, to issue to the creditor or its assignee 318,471 units of the company, each at a deemed price of CAD$4.32. Each unit consists of one subordinate voting share in the capital of the company and one warrant. Until five years from the date of the grant, each warrant will entitle the holder to subscribe for one additional share at a price of CAD$4.32 per share.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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