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PUDO Inc. Announces Shares for Debt Settlement

Newswire.ca - Thu Feb 16, 2023

TORONTO, Feb. 16, 2023 /CNW/ - PUDO Inc. ("PUDO" or the "Company") (CSE: PDO) (OTCQB: PDPTF), North America's only carrier neutral parcel pick-up and drop-off network, announces that it has agreed with certain of its employees to issue an aggregate of 51,823 common shares ("Debt Shares") to such employees in exchange for the cancellation of an aggregate of CA$41,458.40 of employee accrued vacation owing. The Debt Shares are being issued at a price equal to the closing market price of the common shares of the Company as listed on the Canadian Securities Exchange ("CSE") on February 13, 2023, being CA$0.80, in accordance with the policies of the CSE.

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