Taat Global Alternatives Inc. (TSE:TAAT) has released an update.
Taat Global Alternatives Inc. has reached an agreement to settle outstanding debts by issuing over 300,000 shares to a creditor, in lieu of a cash payment, to cover $80,415.88 owed for back-office services. The settlement is designed to conserve the company’s cash for working capital and is in line with the best interests of the company as determined by its board of directors. The Canadian Securities Exchange has approved the transaction without the standard four-month holding period for the newly issued shares.
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