Debt Settlement Marks Another Milestone in Reklaim's Financial Stability, Following a Year of Consistent Profitability
NEW YORK, Oct. 10, 2024 /CNW/ - Reklaim Ltd. (OTCQB: MYIDF) (TSXV: MYID) ("Reklaim" or the "Company"), (the "Company"), the destination where consumers can view, edit, add and option their data for direct compensation, is pleased to announce a significant step in its financial strategy by reducing outstanding debt by approximately 11%. The Company has agreed to satisfy $100,000 of indebtedness owed to a non-arms length creditor through the issuance of 1,111,111 common shares at a deemed price of $0.09 per share (the "Debt Settlement").
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