RSI International Systems (TSE:ARC) has released an update.
ARCpoint Inc. has agreed to a shares for debt settlement with a director to resolve a CAD$153,565 debt, issuing over 1.3 million Class A Subordinate Voting Shares at CAD$0.11 each. This transaction is classified as a related party transaction but is exempt from certain requirements, pending approval by the TSX Venture Exchange.
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