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FTI Foodtech International ( (TSE:FTI) ) has provided an update.
FTI Foodtech International Inc. has announced a debt settlement agreement to resolve $497,500 in debt by issuing 3,316,666 common shares at $0.15 per share. This transaction includes a significant portion of non-arm’s length dealings with insiders, which will be conducted under exemptions from valuation and minority approval requirements. The settlement is subject to regulatory approvals and includes a statutory hold period for the shares issued.
More about FTI Foodtech International
FTI Foodtech International Inc. is focused on developing an innovative retail/barter platform for products that address challenges and promote sustainability within the Cosmetic/Skincare industry. The company is committed to delivering high-quality, reliable products and solutions that meet the evolving needs of its clients worldwide.
YTD Price Performance: 136.36%
Average Trading Volume: 21,439
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.49M
See more data about FTI stock on TipRanks’ Stock Analysis page.