Cryptoblox Technologies Inc (TSE:BLOX) has released an update.
CryptoBlox Technologies Inc. has announced the conversion of CA$60,000 in debt into 109,090 common shares priced at $0.55 each, in a move aimed at strengthening the company’s financial standing. The CEO, Akshay Sood, has personally converted his debts into shares, signaling confidence in the company’s long-term value and its Blockchain Ecosystem strategy. The transaction, which is subject to regulatory acceptance, is part of a broader effort to reduce liabilities without creating any new control persons within the company.
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