LifeSpeak Inc. Targets Debt Reduction with Private Placement

Lifespeak, Inc. (TSE:LSPK) has released an update.

LifeSpeak Inc. has announced a $5 million non-brokered private placement of common shares to reduce debt and comply with financial covenants. The placement involves over 8 million shares, priced according to the market’s five-day volume weighted average, with significant insider participation. The company seeks TSX exemption to surpass insider participation limits, citing serious financial difficulty.

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