Vsblty Groupe Technologies (TSE:VSBY) has released an update.
VSBLTY Groupe Technologies Corp. has revised its loan terms with Creative Climate Capital and is launching a private offering of convertible unsecured debentures. The amendment includes an additional $80,000 credit facility allocation from the lenders, bringing the total to $880,000, along with the issuance of 500,000 common share purchase warrants. The company has also negotiated a forbearance agreement, providing relief from immediate repayment of a portion of its debt.
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