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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 situation an mixture of as much as 28,571,428 frequent shares (“Debt Shares”) to the Collectors in trade 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 Government Officer
E-mail: kmthansa@gmail.com
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty
for the adequacy or accuracy of this launch.
Ahead Wanting Statements
This information launch comprises “forward-looking statements” inside the which means of the USA Non-public Securities Litigation Reform Act of 1995 and relevant Canadian securities laws. Usually, these forward-looking statements may be recognized by means of forward-looking terminology akin 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”, “may” or “shall be taken”, “happen” or “be achieved”. KMT-Hansa is topic to vital dangers and uncertainties which can trigger the precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements contained on this launch. KMT-Hansa can’t guarantee buyers that precise outcomes shall be in line with these forward-looking statements and KMT-Hansa assumes no obligation to replace or revise the forward-looking statements contained on this launch to replicate precise occasions or new circumstances.
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