KMT-Hansa Announces Private Placement
October 02 2024 - 10:00PM
KMT-Hansa Corp. (the “Corporation”) is pleased to announce that it
has negotiated various debt conversion agreements (collectively,
the “Debt Agreements”) with 7 creditors (collectively, the
“Creditors”), all of which are arm’s length parties to the
Corporation.
Pursuant to the terms of the Debt Agreements,
the Corporation has agreed to issue an aggregate of up to
28,571,428 common shares (“Debt Shares”) to the Creditors in
exchange for the cancellation of up to $1 million in debt owing to
the parties. The Debt Shares are being issued at a deemed price of
$0.035 per Debt Share.
The Debt Shares issued pursuant to the Debt
Agreements are subject to a statutory four (4) month hold
period.
For further information please contact:
Jay VieiraDirector and Chief Executive Officer
Email: kmthansa@gmail.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
“plans”, “anticipated”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. KMT-Hansa is subject to
significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements contained in this
release. KMT-Hansa cannot assure investors that actual results will
be consistent with these forward-looking statements and KMT-Hansa
assumes no obligation to update or revise the forward-looking
statements contained in this release to reflect actual events or
new circumstances.