Web3 Ventures Inc ( (TSE:CLDV) ) has issued an update.
Cloud3 Ventures Inc. announced the issuance of 2,340,000 Subordinate Voting Shares at a price of CAD$0.20 per share to settle a debt of CAD$468,000 owed to an insider and a consultant. This transaction, considered a related party transaction under Canadian securities laws, allows the company to manage its liabilities without impacting its cash flow, while maintaining compliance with regulatory requirements.
More about Web3 Ventures Inc
Cloud3 Ventures Inc. is a Canadian company that operates at the forefront of blockchain innovation, specializing in the LIF3 ecosystem. The company provides infrastructure solutions to enable the next generation of decentralized applications.
YTD Price Performance: -11.54%
Average Trading Volume: 96,395
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$784.1K
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