Bee Vectoring Technologies International (TSE:BEE) has released an update.
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Bee Vectoring Technologies International Inc. has reached a settlement to clear all outstanding debts totaling $111,145.74 through the issuance of over 7 million shares, in lieu of cash, to conserve working capital. The transaction, approved by the board and exempt from certain regulatory requirements, is set to finalize by July 9, 2024, and aims to position the company better by retaining cash for operational needs. This strategic move by the agriculture technology company underscores its commitment to maintaining financial stability while advancing its innovative crop protection solutions.
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