Bee Vectoring Technologies International (TSE:BEE) has released an update.
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Bee Vectoring Technologies International Inc. has successfully completed a debt settlement by issuing over 937,000 common shares to fully resolve an outstanding debt of approximately $37,395.68 for corporate back office services. This strategic move allows the company to maintain its working capital by settling the debt in shares instead of cash. The transaction involved the use of a regulatory exemption to facilitate the share issuance to the creditor without the standard four-month hold period.
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