Business
Plantify Foods Announces Issuance of Shares for Services (Correction of the news release announced on June 13, 2024)
(TheNewswire) Vancouver, British Columbia – TheNewswire – June 19...
About this update from Plantify Foods Inc
[{"type":"text","content":"Plantify Foods Announces Issuance of Shares for Services (Correction of the news release announced on June 13, 2024)\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British\nColumbia\n \n \n – TheNewswire – June 19, 2024—\nPlantify Foods, Inc. (TSXV: PTFY) (\"\n \n \n Plantify Foods\n \n \n \"\nor the \"\n \n \n Company\n \n \n \")\n \n \n a Clean\nLabel food company dedicated to providing consumers with nutritious\nand delicious food options, is\n \n \n pleased to\nannounce that further to the Company’s news release of November 25,\n2022, and in accordance with the a\n \n \n consulting\nagreement effective as of November 9, 2022 it\n \n \n has agreed to pay Hike Capital Inc. a fee of $22,500 for\nservices rendered from March 1, 2024 to May 31, 2024, satisfied\nthrough the issuance of 2,250,000 common shares at a deemed price of\n$0.01 per common share. The Company has also agreed to pay Amir Uziel\nEconomic Consultant Ltd. a fee of $22,500 for services rendered from\nMarch 1, 2024 to May 31, 2024, satisfied through the issuance of\n2,250,000  common shares at a deemed price of $0.01 per common share,\nin accordance with a\n \n \n consulting agreement\neffective as of September 1, 2023 and further to the Company’s news\nrelease as of September 1, 2023.\n \n \n \n \n All amounts are stated in Canadian dollars.\n \n \n \n \n In respect of the Common Shares issued pursuant to the\nAgreements, the Company issues such number of Common Shares as is\nequal to the quotient obtained by dividing the applicable amount due\nby the greater of (A) the 90-day volume weighted average trading price\nof the Company’s listed shares on the TSX Venture Exchange (the\n“\n \n \n TSXV\n \n \n ”) for the 90 trading days immediately preceding the press\nrelease announcing the applicable Common Share issuance, and (B) the\nDiscounted Market Price (as defined in the policies of the TSXV) of\nthe Common Shares.\n \n \n \n \n All securities issued pursuant to the Agreements will\nbe subject to a hold period of four months plus one day from the date\nof issuance thereof in accordance with applicable TSXV polices and\nCanadian securities laws.\n \n \n \n \n About Plantify Foods, Inc.\n \n \n \n ...