VANCOUVER, British Columbia, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Blender Bites Limited (the "Company", "Blender Bites" or "Blender"), (CSE: BITE, FWB: JL4, WKN: A3DMEJ), announces it has entered into debt settlement agreements (the "Agreements") with certain creditors of the Company. Pursuant to the Agreements, the Company has agreed to issue an aggregate amount of 550,456 common shares ("Common Shares") in the capital of the Company at a deemed price of $0.81 per Common Share to settle an aggregate amount of $445,869.75 of outstanding debt (the "Shares for Debt Transaction"). All securities issued pursuant to the Shares for Debt Transaction will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation. Pursuant to the policies of the Canadian Securities Exchange, the Shares for Debt Transaction will close (5) five business days from the date of this press release.
In addition to the above, the Company intends to amend the terms of an aggregate 504,144 outstanding share purchase warrants (the "Warrants"). The Warrants were originally issued as follows:
Date Issued
Issue Price
Exercise Price
Number of Warrants
