Business
Agrios Announces Shares for Debt Settlement
Agrios Announces Shares for Debt Settlement.
About this update from Agrios Global Holdings Ltd
[{"type":"text","content":"\n\n\n\nAgrios Announces Shares for Debt Settlement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nAgrios Announces Shares for Debt Settlement\nCanada NewsWire\nVANCOUVER, July 4, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n VANCOUVER, July 4, 2019 /CNW/ - Agrios Global Holdings Ltd. (CSE: AGRO) (OTCQB: AGGHF) (FSE: ØSA - WKN-A2N62K) (\"Agrios\" or the \"Company\") announces that it has entered into debt settlement agreements with two arms-length parties (the \"Creditors\") to settle an aggregate C$59,460 in debt (the \"Debt\"). In settlement of the Debt, the Company will issue an aggregate of 145,025 common shares in the capital of the Company (the \"Debt Shares\") at a deemed price of C$0.41 per Debt Share (the \"Debt Settlement\").\nThe Debt will be completely satisfied and extinguished upon the issuance of the Debt Shares. \nAll securities 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.\nClosing of the Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. \nAbout Agrios Global Holdings Ltd.\nAgrios Global Holdings is a data analytics driven agriculture technology and services company advancing the latest innovations in indoor growing science. The Company owns, leases and manages properties and equipment for eco-sustainable agronomy and provides advisory services to support all aspects of aeroponic cultivation in the cannabis sector. Agrios is actively pursuing new opportunities to expand its portfolio of tenant growers and infrastructure assets in strategic licensed jurisdictions. Based in Vancouver, BC. Agrios is managed by a highly accomplished team of experienced industry and capital markets experts who are committed to the growth of the company. \nThis news release was prepared by management of Agrios, which tak...