Business
Universal Ibogaine to Issue Common Shares Pursuant to Debt Settlement
(TheNewswire) Calgary, AB – June 17, 2024 – TheNewswire –...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"Universal Ibogaine to Issue Common Shares Pursuant to Debt Settlement\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 \n \n \n \n \n \n Calgary, AB – June 17, 2024 –\n \n \n TheNewswire –\n \n \n 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 research and deliver medicalized ibogaine-centered\naddiction care, advises that it has reached an agreement to issue a\ntotal of 4,040,067 common shares at a price of $0.015 per share\npursuant to a settlement of accounts payable of $60,601 (the\n“\n \n \n Settlement\n \n \n ”).\n \n \n \n \n The securities will be issued subject to the approval\nof the TSX Venture Exchange (the “\n \n \n TSXV\n \n \n ”) and will be\nsubject to a four\n \n \n ‐\n \n \n month\nhold period as required by the rules of the TSXV and Canadian\nSecurities Laws.\n \n \n \n \n UI will have a total of 308,610,516 common shares\nissued and outstanding after closing of the Settlement.\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 treatment protocol globally through planned\nfuture licensing agreements.\n \n \n \n \n UI is concurrently developing a state of the art holistic\naddiction treatment protocol at its Kelburn Recovery Centre (located\nnear Winnipeg, Manitoba) that, which when paired with the planned\nibogaine detox protocol, is intended to revolutionize the way we treat\naddiction and drastically improve the lives of individuals and\nfamilies affected by addiction.\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...