Bee Vectoring Technologies International (TSE:BEE) has released an update.
Bee Vectoring Technologies International Inc. has reached a settlement to clear $386,312 of debt by issuing over 11 million shares at $0.035 each, a strategic move to conserve cash for operational funds. The innovative agricultural tech firm, known for its eco-friendly pest control system using bees, resolves its financial obligations to strengthen its working capital position. This agreement is set to complete by the end of April 2024, aligning with the company’s commitment to sustainable growth and value creation for shareholders.
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