VANCOUVER, BC, April 17, 2025 /CNW/ - Principal Technologies Inc. ("Principal" or the "Company") (TSXV: PTEC) (FWB: JO7) announces that it has entered into debt settlement agreements with certain creditors to settle an aggregate of $1,013,849.31 in outstanding debt through the issuance of an aggregate of (a) 3,031,561 units of the Company (the "Debt Settlement Units", and each, a "Debt Settlement Unit") at a deemed value of $0.25 per Unit, and (b) 1,023,835 common shares of the Company (the "Debt Settlement Shares") at a deemed value of $0.25 per Debt Settlement Share (together, the "Debt Settlement Transactions"). Each Debt Settlement Unit shall consist of one common share in the capital of the Company ("Share") and one common share purchase warrant ("Warrant"), whereby each Warrant shall entitle the holder thereof to acquire an additional Share ("Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 24 months from the date of issuance.
Read more at newswire.caPRINCIPAL TECHNOLOGIES ANNOUNCES DEBT SETTLEMENT TRANSACTIONS
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