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Glow Announces Closing of Debt Settlement

Glow Announces Closing of Debt Settlement

Glow 宣佈結束債務清算
newsfile ·  02/17 06:05

Toronto, Ontario--(Newsfile Corp. - February 16, 2024) - Glow LifeTech Corp. (CSE: GLOW) (OTCQB: GLWLF) ("Glow" or the "Company") announces that further to its press release of January 30, 2024 it has settled an aggregate of $211,837 of indebtedness owed to an arm's length creditor through the issuance of 4,236,747 units ("Units") of the Company at a price of $0.05 per Unit (the "Debt Settlement"). Each Unit shall be comprised of one common share in the capital of the Company (each, a "Common Share") and one-half a common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one Common Share (each, a "Warrant Share") in the capital of the Company at a price of $0.07 per Warrant Share until two years from the date of issuance of the Warrants. All Common Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

安大略省多倫多--(Newsfile Corp.,2024 年 2 月 16 日)——Glow LifeTech Corp.(CSE:GLOW)(場外交易代碼:GLWLF)(”發光“或者”公司“)宣佈,繼2024年1月30日的新聞稿之後,它已通過發行4,236,747個單位清償了欠獨立債權人的總額211,837美元的債務(”單位“) 以每單位0.05美元的價格出售本公司(”債務清算“)。每個單位應由公司資本中的一股普通股組成(每股,a”常見 分享“)和一半的普通股購買權證(每份完整認股權證,a”搜查令“)。每份認股權證均可行使爲一股普通股(每股爲”搜查令 分享“)自認股權證發行之日起兩年內,以每股認股權證0.07美元的價格存入公司的資本。根據適用的證券立法,與債務清算有關的所有普通股的法定持有期爲四個月加一天,自發行之日起。

About Glow LifeTech Corp.
Glow LifeTech is a Canadian-based biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption and effectiveness. Glow has rights to the groundbreaking, plant-based MyCell Technology delivery system, which transforms poorly absorbed natural compounds into enhanced water-compatible concentrates that unlock the full healing potential of the valuable compounds.

關於 Glow lifeTech
Glow LifeTech是一家總部位於加拿大的生物技術公司,專注於生產具有顯著提高生物利用度、吸收和有效性的營養保健品和大麻素類產品。Glow擁有開創性的植物性MyCell Technology輸送系統的版權,該系統將吸收不良的天然化合物轉化爲增強的水相容性濃縮物,從而釋放有價值化合物的全部治療潛力。

Website:

網站:

Contact:
James Van Staveren
Glow LifeTech Corp.
TF. 855-442-GLOW (4569)
ir@glowlifetech.com

聯繫人:
詹姆斯·範·斯塔弗倫
Glow LifeT
TF. 855-442-GLOW (4569)
ir@glowlifetech.com

Forward-looking Information Cautionary Statement

前瞻性信息警示聲明

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at .

除歷史事實陳述外,本新聞稿包含適用證券法所指的某些 “前瞻性信息”。前瞻性信息通常以 “計劃”、“期望”、“項目”、“打算”、“相信”、“預測”、“估計” 等詞語爲特徵,或某些事件或條件 “可能” 或 “將” 發生的陳述。前瞻性陳述基於陳述發表之日的觀點和估計,受各種風險和不確定性以及其他因素的影響,這些因素可能導致實際事件或結果與前瞻性陳述中的預期存在重大差異,包括但不限於監管機構批准(包括CSE的批准)的延遲或不確定性。前瞻性信息固有的不確定性,包括公司無法控制的因素。無法保證本新聞稿中描述的技術的商業化計劃將在此處描述的條款或時間框架內生效。除非法律要求,否則如果情況或管理層的估計或意見發生變化,公司沒有義務更新前瞻性信息。提醒讀者不要過分依賴前瞻性陳述。確定可能影響財務業績的風險和不確定性的其他信息包含在公司向加拿大證券監管機構提交的文件中,這些文件可在以下網址查閱

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。
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