share_log

Empatho Holdings Inc. Announces Closing of Shares for Debt Settlement

Empatho Holdings Inc. Announces Closing of Shares for Debt Settlement

Empatho Holdings Inc. 宣佈股票收盤以進行債務清算
newsfile ·  2023/08/29 05:00

Toronto, Ontario--(Newsfile Corp. - August 28, 2023) - Empatho Holdings Inc. (CSE: EMPH) (formerly, Shane Resources Ltd.) ("Empatho" or the "Company") announces that it has issued 29,039,980 common shares to certain of its creditors (the "Settlement Shares") in exchange for outstanding accounts payable (the "Shares for Debt Transaction") in the aggregate amount of CA$1,451,999.01 (the "Debt") owing to certain creditors (the "Creditors"). The Settlement Shares are being issued at a price of $0.05, in accordance with the policies of the Canadian Securities Exchange (the "CSE").

安大略省多倫多--(Newsfile Corp.,2023 年 8 月 28 日)— Empatho Holdings Inc.(CSE:EMPH)(前身爲 Shane Resources Ltd.)(”同情“或者”公司“) 宣佈已向其某些債權人發行了29,039,980股普通股(”結算股份“) 以換取未付應付賬款 (the”用於債務交易的股票“) 總金額爲1,451,999.01加元(”債務“) 欠某些債權人的債務 (”債權人“)。根據加拿大證券交易所的政策,結算股的發行價格爲0.05美元(”案例“)。

As previously announced on August 14, 2023, the Company is completing the Shares for Debt Transaction to improve its financial position by reducing its existing liabilities. All Settlement Shares will be subject to a four-month and one-day hold period. No new control person of the Company will be created pursuant to the Shares for Debt Transaction.

正如先前於2023年8月14日宣佈的那樣,公司正在完成股份轉債交易,以通過減少現有負債來改善其財務狀況。所有結算股份的持有期爲四個月零一天。不會根據債務交易股份設立任何新的公司控制人。

The Shares for Debt Transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Hybrid Financial Inc. (a greater than 10% shareholder of the Corporation), Yan Namer (CEO of the Corporation), John Ross (CFO of the Corporation), Dr R. Jetly MPC (a corporation controlled by Dr. Rakesh Jetly, Director of the Corporation), Cortical Insights Inc. (a corporation controlled by Josh Granek, Chief Technical Officer of the Corporation), and Tachyon Labs Inc. (a corporation controlled by Hamid Boland, Chief Scientific Officer of the Corporation), have all been issued Settlement Shares in connection with the debt settlement. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the shares for debt transaction with the forgoing insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the debt settlement, which the Company deems reasonable in the circumstances as the Company wishes to improve its financial position by reducing its existing liabilities.

債務交易股份構成61-101號多邊文書所指的 “關聯方交易” ——在特殊交易中保護少數股權持有人(”MI 61-101“) 飾演Hybrid Financial Inc.(持有公司10%以上的股東)、嚴納默(公司首席執行官)、約翰·羅斯(公司首席財務官)、R. Jetly MPC博士(由公司董事拉克什·杰特利博士控制的公司)、Cortical Insights Inc.(由公司首席技術官喬什·格拉內克控制的公司)和Tachyon Labs Inc.(一家由公司首席技術官喬什·格拉內克控制的公司)和 Tachyon Labs Inc.(一家公司)由公司首席科學官哈米德·博蘭德(Hamid Boland)控制)均已發行與債務清算相關的結算股。公司依賴MI 61-101第5.5 (a) 和5.7 (1) (a) 條中所載的MI 61-101估值和少數股東批准要求的豁免,因爲根據MI 61-101確定,與上述內部人士進行債務交易的股票的公允市場價值不超過公司市值的25%。該公司沒有在債務結算結束前至少21天提交關聯方交易的重大變更報告,公司認爲在這種情況下,這是合理的,因爲公司希望通過減少現有負債來改善其財務狀況。

Early Warning Disclosure

預警披露

In connection with the closing of the Shares for Debt Transaction, Hybrid Financial Ltd. (the "Insider"), was issued 3,755,034 Settlement Shares. Following the Shares for Debt Transaction, the Insider owns or controls 17,655,034 common shares of the Company (the "Common Shares"), representing approximately 17% of the issued and outstanding Common Shares on an undiluted basis. The Insider holds the Common Shares for investment purposes, and may evaluate such investment on an ongoing basis and subject to various factors including, without limitation, the Company's financial position, the price levels of the Common Shares, conditions in the securities markets and general economic and industry conditions, the Company's business or financial condition, and other factors and conditions that the Insider may deem appropriate. The Insider may increase, decrease or change his ownership over the Common Shares or other securities of the Company.
A copy of the Early Warning Report with additional information in respect of the foregoing matters will be filed on under the Company's profile. For further information, including a copy of the early warning report required under applicable Canadian securities laws to be filed by the Insider as a result of the Shares for Debt Transaction referred to in this press release, please contact Hybrid Financial Ltd. at Telephone: (647) 931-4015.

在債務交易股票的收盤方面,Hybrid Financial Ltd.(“內幕人士”)發行了3,755,034股結算股。在債務交易股份之後,內幕人士擁有或控制了公司17,655,034股普通股(“普通股”),按未稀釋計算,約佔已發行和流通普通股的17%。內幕人士持有普通股是出於投資目的,可以持續評估此類投資,並受各種因素的影響,包括但不限於公司的財務狀況、普通股的價格水平、證券市場狀況和總體經濟和行業狀況、公司的業務或財務狀況以及內幕人士可能認爲適當的其他因素和條件。內幕人士可能會增加、減少或更改其對公司普通股或其他證券的所有權。
預警報告的副本將在公司簡介下提交,其中包含有關上述事項的更多信息。欲了解更多信息,包括適用的加拿大證券法要求內幕人士就本新聞稿中提及的股票債務交易提交的預警報告的副本,請致電:(647) 931-4015,與Hybrid Financial Ltd.聯繫。

About Empatho

關於 Empatho

Empatho Holdings Inc. is a virtual well-being firm focused on a smart solution powered by proprietary PsychAI artificial intelligence (AI), that strategically guides users to achieve individualized or personalized well-being goals. The Company provides a data-driven mobile application using advanced technology to engage individuals in the management of their own health, helping individuals become more productive and uncovering potential efficiencies and cost savings for employers.

Empatho Holdings Inc. 是一家虛擬健康公司,專注於由專有的 PsyChai 人工智能 (AI) 提供支持的智能解決方案,該解決方案可戰略性地指導用戶實現個性化或個性化的健康目標。該公司提供一款數據驅動的移動應用程序,使用先進的技術讓個人參與自己的健康管理,幫助個人提高工作效率,爲僱主發現潛在的效率和成本節約。

On behalf of the Board of Directors

代表董事會

Yan Namer
Chief Executive Officer
E-mail: yan@empatho.com

Yan Namer
首席執行官
電子郵件:yan@empatho.com

Cautionary Statements

警示聲明

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

本新聞稿包含適用證券法所指的 “前瞻性陳述”。此處包含的所有本質上不具有明確歷史性質的陳述均可能構成前瞻性陳述。

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking statements in this news release include statements with respect to the Shares for Debt Transaction, including the terms, timing, CSE approval and completion thereof.

通常,此類前瞻性信息或前瞻性陳述可以通過使用前瞻性術語來識別,例如 “計劃”、“預期”、“預期”、“預算”、“預期”、“估計”、“預測”、“打算”、“預期” 或 “不預期” 或 “相信”,或者此類詞語和短語的變體,或者可能包含某些行動、事件或結果 “可能” 的陳述”、“可以”、“將”、“可能” 或 “將被採取”、“將繼續”、“將發生” 或 “將實現”。本新聞稿中的前瞻性陳述包括與債務交易股份有關的陳述,包括條款、時機、CSE的批准和完成。

Forward-looking statements in this news release include statements with respect to the Shares for Debt Transaction, including the terms, timing, CSE approval and completion thereof.

本新聞稿中的前瞻性陳述包括與債務交易股份有關的陳述,包括條款、時機、CSE的批准和完成。

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: risks associated with general economic conditions, adverse industry events, marketing costs, loss of markets, future legislative and regulatory developments, the inability to access sufficient capital on favourable terms, income tax and regulatory matters, the ability of the Company to execute its business strategies, the inability of the Company's proprietary applications to carry out the enumerated functions and risks associated with the Company's common shares trading on the CSE.

這些陳述涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致實際業績、業績或成就與此類陳述所表達或暗示的結果存在重大差異,包括但不限於:與總體經濟狀況相關的風險、不利的行業事件、營銷成本、市場損失、未來的立法和監管發展、無法以優惠條件獲得足夠的資本、所得稅和監管事項、公司執行其業務戰略的能力、公司的專有應用程序無法履行與公司在CSE上交易的普通股相關的列舉功能和風險。

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

本新聞稿中包含的前瞻性陳述受本警示聲明的明確限制,反映了公司截至本文發佈之日的預期,此後可能會發生變化。除非適用法律要求,否則公司沒有義務更新或修改任何前瞻性陳述,無論是由於新的信息、估計或觀點、未來事件或結果還是其他原因,也沒有義務解釋隨後的實際事件與此類前瞻性信息之間的任何實質性差異。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
    搶先評論