VSBLTY Adjusts Loan Terms and Plans Private Placement

Vsblty Groupe Technologies (TSE:VSBY) has released an update.

VSBLTY Groupe Technologies Corp. has revised its loan terms with Creative Climate Capital and is launching a private offering of convertible unsecured debentures. The amendment includes an additional $80,000 credit facility allocation from the lenders, bringing the total to $880,000, along with the issuance of 500,000 common share purchase warrants. The company has also negotiated a forbearance agreement, providing relief from immediate repayment of a portion of its debt.

For further insights into TSE:VSBY stock, check out TipRanks’ Stock Analysis page.