Bee Vectoring Technologies International (TSE:BEE) has released an update.
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Bee Vectoring Technologies International Inc. has completed a debt settlement by issuing over 11 million shares and has drawn down an additional $100,000 in promissory notes, converting them into shares with associated fees. The company also allocated nearly 3.54 million restricted share units to employees and consultants as part of a compensation restructuring, subject to shareholder approval. These moves are part of BVT’s strategy as an agriculture technology disruptor focused on replacing chemical pesticides with a natural system utilizing bees.
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