Playgon Games, Inc. (TSE:DEAL) has released an update.
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Playgon Games Inc. has announced plans to convert $127,036.67 of debt into equity by issuing approximately 4.2 million common shares at $0.03 each, including shares to insiders for settled interest payments. The transaction, aimed at addressing payments due on convertible unsecured debentures, is pending approval from the TSX Venture Exchange. This debt settlement strategy allows Playgon, a SaaS technology firm in the iGaming sector, to manage its financial obligations creatively.
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