TORONTO, June 17, 2021 /CNW/ - SPOT COFFEE
(CANADA) LTD. (TSXV: SPP) ("SPoT"
or the "Company") is pleased to announce that it has
entered into agreements with four holders of outstanding unsecured
promissory notes to settle the principal amounts owing thereunder
(in the aggregate amount of $853,395)
via the issuance of an aggregate of 17,067,900 common shares of the
Company at a price of $0.05 per
share. The foregoing Shares for Debt transaction is
subject to approval by the TSX Venture Exchange. All of the
foregoing shares will, upon issuance, be subject to a statutory
four-month hold period in accordance with applicable securities
laws.
Forward Looking Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking statements are based on the opinions and
estimates of management 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 projected in the forward-looking statements. The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement. Except as
required by applicable securities laws, the Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
SOURCE Spot Coffee (Canada)
Ltd.
