Two Hands Corporation (TWOH) has released an update.
Two Hands Corporation has announced a debt settlement involving the issuance of 8 million common shares to clear $400,000 owed to a non-arm’s length creditor, with each share priced at $0.05. The transaction is pending final approval by the Canadian Securities Exchange and includes a four-month holding period. The deal is classified as a ‘related party transaction,’ with an insider receiving the shares, yet it falls within exemption guidelines due to the company’s market cap.
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