Legible Announces Debt Settlement
26 October 2023 - 5:33PM
Business Wire
Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T)
("Legible” or the “Company") announces it has issued 250,000 common
shares at $0.135 per share (being the closing price of the common
shares at the date hereof) regarding the settlement of $33,750 in
outstanding indebtedness. All common shares are subject to a
4-month hold period.
About Legible Inc.
Legible is a groundbreaking, mobile-centric global company
specializing in eBooks and audiobook entertainment, boasting a
market opportunity exceeding billions of dollars. Legible’s
extensive partnerships encompass four of the Big 5 Publishers and
the world's largest eBook distributor, enabling it to seamlessly
deliver over 2 million eBooks and audiobooks, effectively
transforming any smart device into a dynamic library and
eBookstore.
Please visit Legible.com and discover the place where eBooks
come to life.
Cautionary Note Regarding Forward-Looking Information
This Press Release contains certain statements which constitute
forward-looking statements or information (“forward-looking
statements”), including statements regarding Legible’s business.
Such forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Legible's control,
including the impact of general economic conditions, industry
conditions, currency fluctuations, the lack of availability of
qualified personnel or management, stock market volatility and the
ability to access sufficient capital from internal and external
sources. Although Legible believes that the expectations in its
forward-looking statements are reasonable, they are based on
factors and assumptions concerning future events which may prove to
be inaccurate. Those factors and assumptions are based upon
currently available information. Such statements are subject to
known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or
events to differ materially from those stated, anticipated or
implied in the forward- looking information. As such, readers are
cautioned not to place undue reliance on the forward- looking
information, as no assurance can be provided as to future results,
levels of activity or achievements. The forward-looking statements
contained in this document are made as of the date of this document
and, except as required by applicable law, Legible does not
undertake any obligation to publicly update or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking
statements contained in this document are expressly qualified by
this cautionary statement.
NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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version on businesswire.com: https://www.businesswire.com/news/home/20231025707405/en/
Contact Legible: Deborah Harford EVP, Global Strategic
Partnerships 1 (672) 514-2665 (CSE: READ) (OTCQB: LEBGF) (FSE: D0T)
Email: invest@legible.com Website:
https://invest.legible.com
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