Business
01 Communique Announces Shares for Debenture Transaction
TORONTO, ON / ACCESSWIRE / October 1, 2020 / 01 Communique Laboratory Inc. (the "Company")...
About this update from 01 Quantum Inc.
[{"type":"text","content":"01 Communique Announces Shares for Debenture TransactionTORONTO, ON / ACCESSWIRE / October 1, 2020 / 01 Communique Laboratory Inc. (the \"Company\") (TSX-V:ONE) is pleased to announce that the Company has agreed to settle $200,000 of its outstanding debenture with an arm's length debenture holder by issuing 416,667 common shares of the Company at a deemed price of $0.24 per share and $100,000 in cash plus accrued interest. The amount represents one-half of the Company's outstanding $400,000 principal amount of the Company's debentures.The issuance of common shares in connection with the debenture settlement is subject to the approval of the TSX Venture Exchange. The common shares issued pursuant to the debenture settlement will be subject to a four-month hold period in accordance with applicable securities legislation.About IronCAP and IronCAP X:IronCAP is at the forefront of the cyber security market and is designed to protect our customers from cyber-attacks. IronCAP's patent-pending cryptographic system is designed to protect users and enterprises against the ever-evolving illegitimate and malicious means of gaining access to their data today as well as in the future with the introduction of powerful quantum computers. Based on improved Goppa code-based encryption it is designed to be faster and more secure than current standards. It operates on conventional computer systems, so users are protected today while being secure enough to safeguard against future attacks from the world of quantum computers. An IronCAP API is available which allows vendors of a wide variety of vertical applications to easily transform their products to ensure their customers are safe from cyber-attacks today and from quantum computers in the future.IronCAP X, a new cybersecurity product for email/file encryption, incorporating our patent-pending technology was made available for commercial use on April 23, 2020. The new product has two major differentiations from what is in the market today. Firstly, many offerings in today's market store users secured emails on email-servers for recipients to read, making email-servers a central target of cyber-attack. Our new product, on the other hand, delivers each encrypted message end-to-end to the recipients such that only the intended recipients can decrypt and read the message. Consumer's individual message...