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SWMBRD Announces Closing of Debt Settlements, Financing and Further Settlement of Debt
(TheNewswire) THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVI...
About this update from Swmbrd Sports, Inc.
[{"type":"text","content":"SWMBRD Announces Closing of Debt Settlements, Financing and Further Settlement of Debt\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 THIS NEWS RELEASE IS NOT FOR\nDISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR\nDISSEMINATION IN THE UNITED STATES\n \n \n \n \n VANCOUVER, BC –\n \n \n TheNewswire\n-\n \n \n February 9, 2024: SWMBRD Sports Inc.\n(CSE:SWIM) (“SWMBRD” or the “Company”) announces today that\npursuant to its news releases dated October 12, 2023 and January 12,\n2024, the Company has issued an aggregate of 3,240,000 settlement\nunits (the “\n \n \n Settlement\n \n \n Units\n \n \n ”) in the capital of the Company at a deemed price of $0.03\nper Settlement Unit to certain creditors to settle an aggregate of\n$97,200.00 in bona fide debt of the Company (the “\n \n \n Debt Settlements\n \n \n ”).\nEach Settlement Unit consists of one (1) common share in the capital\nof the Company and one (1) common share purchase warrant (the\n“\n \n \n Debt Settlement\nWarrant\n \n \n ”).\n \n \n \n \n Each Debt Settlement Warrant is exercisable by the\nwarrant holder to acquire one (1) additional common share at a price\nof CAD$0.075 for a period of twenty-four (24) months from the closing\nof the Debt Settlements.\n \n \n \n \n The Securities issued in connection with the Debt\nSettlements are subject to a four month plus one day hold expiring on\nMay 23, 2024.\n \n \n \n \n In addition, the Company has issued 4,272,000 financing\nunits (the “\n \n \n Financing\n \n \n Units\n \n \n ”) in\nthe capital of the Company at a price of $0.015 per Unit for gross\nproceeds of $64,080 (the “\n \n \n Financing\n \n \n ”)and has issued an aggregate of\n1,960,106 debt settlement units (“\n \n \n Debt Settlement\n \n \n Units\n \n \n ”) in the\ncapital of the Company at a deemed price of $0.015 per Debt Settlement\nUnit to certain creditors to settle an aggregate of $29,401.59 in bona\nfide debt of the Company (the “\n \n \n Debt Settlement Transaction\n \n \n ”). Each\nFinancing Unit and Debt Settlement Unit consists of one (1) common\nshare in the capital of the Company and one (1) common share purchase\nwarrant (the “\n \n \n ...