FintechWerx International Software Services, Inc. (TSE:WERX) has released an update.
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FintechWerx International Software Services Inc. has successfully settled $25,000 of its debt by issuing 500,000 common shares to certain creditors, including top executives, at $0.05 per share. The transaction, which is considered a related party transaction, adheres to specific exemptions under securities regulations. This strategic financial move is aimed at improving the company’s balance sheet and is part of broader business rationalization efforts.
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