Empower Clinics Inc (TSE:EPW) has released an update.
Empower Clinics Inc. has received a Partial Revocation Order from the British Columbia Securities Commission, allowing it to move forward with a private placement and shares for debt transaction, despite an earlier cease trade order for failing to file financial documents. The company aims to raise up to $976,000 through the private placement and will settle $197,085 in debt, including amounts owed to the CEO and a debenture holder. These transactions are contingent on specific exemptions and will involve securities that remain under the initial cease trade order until fully revoked.
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