Geekco Technologies Corporation: Shares for Debt
23 October 2020 - 2:14AM
GEEKCO TECHNOLOGIES CORPORATION – Geekco Technologies Corporation
(the "Corporation" or "Geekco") (TSXV: GKO) announces that it has
agreed to issue 371,875 class A shares of its share capital (the
"Common Shares") at a deemed price of $0.40 each in settlement of a
debt of $148,750 owed by FlipNpik Technologies Inc., a wholly owned
subsidiary of the Corporation, to Séguin Racine, Avocats Ltée as
compensation for legal services. The Common Shares will be subject
to a resale restriction period of four months and one day. This
issuance of shares for debt, carried out between arm’s length
parties, remains subject to the approval of the TSX Venture
Exchange.
About Geekco
Geekco is positioning itself at the forefront of
social media by offering FlipNpik, a collaborative social network
that aims to promote local shopping, thereby contributing to the
improvement of the local economy and the quality of life of
citizens and rewarding valuable contribution with all active users.
The FlipNpik ecosystem and mobile application leverage the
community of consumers, content creators and influencers to
stimulate local shopping and boost the visibility of local
businesses. In exchange, active users who create and share digital
content within the platform receive "Social Flip" that they use to
earn rewards and/or consumption from strategic partners and local
businesses.
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.
For more information,
please contact
For Corporation Geekco Technologies:Henri Harland, Chief Executive
OfficerTelephone: 514-246-9734 |
Geekco Technologies (TSXV:GKO)
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