Business
DGTL Holdings Inc. Revises Terms of Private Placement and Announces Debt Settlement and Proposed Conversion of Preferred Shares
Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - DGTL Holdings Inc. (NEX: DGTL.H) ("DGTL" or the "Company"), reports that, further to its news release dated May 13, 2025, the Company has revised the terms of its previously announced non-brokered private placement (the "Private Placement") of common shares ("Common Shares") and preferred shares ("Preferred Shares"). The Private Placement will instead be offered at a price of $0.05 per one Common Share, and, with fifteen (15) ...
About this update from Dgtl Holdings, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - DGTL Holdings Inc. (NEX: DGTL.H) ("DGTL" or the "Company"), reports that, further to its news release dated May 13, 2025, the Company has revised the terms of its previously announced non-brokered private placement (the "Private Placement") of common shares ("Common Shares") and preferred shares ("Preferred Shares"). The Private Placement will instead be offered at a price of $0.05 per one Common Share, and, with fifteen (15) Preferred Shares convertible into one Common Share ("Preferred Share Units"), each Preferred Share Unit will also be offered at a price of $0.05 per unit. The Private Placement is for aggregate gross proceeds of up to $52,500 and will consist of up to a total of 1,050,000 Common Shares, which may be offered through the sale of Common Shares directly or indirectly through the sale of Preferred Share Units, or any combination of the two. The Company anticipates that, upon completion of the Private Placement, a new Control Person (as defined below), Mr. John Belfontaine ("Mr. Belfontaine"), will be created, subject to obtaining requisite approval from the shareholders of the Company and the TSX Venture Exchange (the "TSXV").","length":1294,"tagName":"p"},{"type":"text","content":"The Company also announces that it will enter into debt settlement agreements with certain insiders of the Company (the "Creditors") to settle an aggregate amount of $437,500 in outstanding debt through the issuance of 8,750,000 Common Shares at a deemed price of $0.05 per Common Share (the "Debt Settlement").","length":331,"tagName":"p"},{"type":"text","content":"Private Placement & Debt Settlement ","length":39,"tagName":"p"},{"type":"text","content":"The Private Placement and the Debt Settlement are subject to receiving the requisite disinterested shareholder approval at the Company's upcoming annual general and special meeting, to be held in July 2025 (the "Meeting") in accordance with Section 5.2 of the NEX board of the TSXV and section 6.2(k) of TSXV Policy 4.4 - Security Based Compensation.","length":364,"tagName":"p"},{"type":"text","content":"The Preferred Shares underlying the Preferred Share Units have the following material terms: (i) the Preferred Shares...