Pond Announces Issuance of Shares for Debt Settlement
Pond Announces Issuance of Shares for Debt Settlement
MARKHAM, ON / ACCESSWIRE / December 20, 2022 / Pond Technologies Holdings Inc. ("Pond" or the "Company") (TSXV:POND)(OTCQB:PNDHF)(FSE:4O0), an ESG company addressing global sustainability challenges of wellness and climate change, announces that the Company has agreed to issue an aggregate of 1,086,428 common shares of the Company (the "Settlement Shares") at a price of C$0.10 per share in settlement of accrued interest payable totaling C$108,642.83.
萬錦市上/交通線/2022 年十二月二十日/ 龐大科技控股有限公司（」池塘「或」公司「) (TSXV: POND) (OTCQB: PNDHF) (FSE: 4O0) 是一家應對健康和氣候變化的全球可持續發展挑戰的公司，宣佈公司已同意發行合計 1,086,428 股普通股 (「交收股份「) 以每股 0.10 加元的價格，以結算應付總額為 108,642.83 加元的應計利息。
Pursuant to the $1,988,500 principal amount Amended and Restated Promissory Note dated November 15, 2021 issued by the Corporation in favour of Georgian Villas Inc. (an entity controlled by a director of Pond, Mr. Robert McLeese) ("Georgian Villas") the Company owes Georgian Villas accrued interest thereon of $108,642.83 (representing interest accrued for the period from May 16, 2022 to November 15, 2022) and the Company and Georgian Villas wish to satisfy the payment of same through the issuance by the Company to Georgian Villas of 1,086,428 Settlement Shares, representing a deemed price per share of C$0.10.
根據公司於 2021 年 11 月 15 日發行的 1,988,500 美元本金修訂和重列承兌票據，贊成喬治亞別墅公司（由龐德董事羅伯特·麥克萊斯先生控制的實體）（」喬治亞別墅「）該公司欠喬治亞別墅的應計利息為 108,642.83 美元（代表 2022 年 5 月 16 日至 2022 年 11 月 15 日期間的應計利息），該公司和格魯吉亞別墅希望通過向格魯吉亞別墅發行支付 1,086,428 股結算股份，代表視為每股 0.10 美元的價格。
The issuance of the Settlement Shares remains subject to the approval of the TSX Venture Exchange. The Settlement Shares will be subject to a statutory hold period which will expire in four months and one day from the date of issuance.
交收股份的發行仍須經多倫多證交所創業交易所的批准。交收股份將受到法定持有期限的約束，該期限將在發行之日起四個月零一天內到期。
Grant Smith, President & CEO at Pond said: "With a focus on advancing sustainable revenue generation, Pond's ability to pay the accumulated interest in shares gives the company's balance sheet greater flexibility. This is significant for us as we move on with our commercial roadmap in 2023."
池塘總裁兼首席執行官格蘭特·史密斯說： 「專注於促進可持續的收入產生，Pond 支付累積股份利息的能力為公司的資產負債表提供了更大的靈活性。隨著我們在 2023 年繼續進行商業路線圖，這對我們來說非常重要。」
About Pond Technologies Holdings Inc.:
關於池塘科技控股有限公司：
Located in Markham, Ontario, Pond Technologies has developed a proprietary system that can profitably transform CO2 into valuable algae-related products. Its Pond Carbon business focuses on absorbing greenhouse gas emissions, transforming these into food, feed, and nutraceutical ingredients. Pond recently added a Biotech division focused on the growth of unique strains of microalgae to be used as a reproductive medium for the expression of human antibodies and proteins.
位於安大略省萬錦市的 Pond Technologies 已經開發了一種專有系統，可以將二氧化碳轉化為有價值的藻類相關產品。其 Pond Carbon 業務專注於吸收溫室氣體排放，將其轉化為食品，飼料和營養保健成分。Pond 最近增加了一個生物技術部門，專注於生長獨特的微藻菌株，以用作人體抗體和蛋白質表達的生殖介質。
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For further information contact: Grant Smith, Chief Executive Officer, at info@pondtech.com, or 416-287-3835 ext. 201
有關更多信息，請聯繫： 格蘭特·史密斯，首席執行官，電郵地址：info@pondtech.com
SOURCE: Pond Technologies Holdings Inc.
來源： 池塘科技控股有限公司
譯文內容由第三人軟體翻譯。