Business
Universal Ibogaine Issues Common Shares Pursuant to Settlement of Claim
(TheNewswire) Calgary, AB – TheNewswire - December 9, 2022 – Universa...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"Universal Ibogaine Issues Common Shares Pursuant to Settlement of Claim\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 Calgary, AB –\n \n \n TheNewswire -\n \n \n December 9, 2022 – Universal Ibogaine Inc.\n(\n \n \n TSXV:IBO\n \n \n ) (“\n \n \n UI\n \n \n ” or the “\n \n \n Company\n \n \n ”), a life sciences company with a\nmission to deliver medicalized ibogaine-centered addiction care,\nannounces that it has agreed to issue 350,000 common shares (at a\ndeemed price of $0.05) as part of a settlement agreement related to a\nclaim filed in August 2021 by a former non-arm’s length consultant\nto the Company.  The shares issued will be subject to a hold period\nof 4-months plus one day from the date of issuance, and the issuance\nhas been accepted by the TSX Venture Exchange.\n \n \n \n \n \n About Universal\nIbogaine Inc.\n \n \n \n \n \n \n UI is a life sciences company,\n \n \n \n \n with a mission to\ntransform addiction treatment using medicalized ibogaine through a\nplanned Canadian clinical trial focused on opioid use disorder, and\nultimately to utilize that protocol globally through planned future\nlicensing agreements.\n \n \n \n \n UI\nis concurrently developing a state of the art holistic addiction\ntreatment protocol at its Kelburn Recovery Centre that, which when\npaired with the planned ibogaine detox protocol, is intended to\nrevolutionize the way we treat addiction and drastically improve the\nlives of individuals and families affected by\naddiction.\n \n \n \n \n \n \n NEITHER THE TSX\nVENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS\nDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS\nRELEASE.\n \n \n \n \n \n \n CAUTIONARY STATEMENT\nREGARDING FORWARD-LOOKING STATEMENTS\n \n \n \n \n \n \n ‎This news release may contain\nforward-looking statements and information. Forward-looking\ninformation is frequently characterized by words such ‎as\n\"plans\", \"expect\", \"project\",\n\"intend\", \"will\", \"believe\",\n\"anticipate\", \"estimate\", \"scheduled\",\n‎‎\"potential\", or other similar words, or statements\nthat certain events or conditions \"may\", \"should\"\nor ‎‎...