Further debt reduction reduces the company's total debt by
32% in Fiscal 2023
NEW
YORK, Sept. 11,
2023https://www.investors.reklaimyours.com/ /CNW/ - Reklaim
(TSXV: MYID) (OTC: MYIDF) ("Reklaim"), the destination for
consumers to access and reclaim their data, announces that Reklaim
CEO & Founder Neil
Sweeney will be attending three investor conferences in
the coming months to expand the awareness of Reklaim;
- CEM Muskoka, Canada
Sept 29th-30th
- LD Micro, Los Angeles
Oct 3rd-5th
- AlphaNorth Capital Event, Jan
19th-21 Nassau,
Bahamas
If you would like to book a time with the Reklaim team at one of
these events, please contact
investorrelations@reklaimyours.com.
Additionally, the company is pleased to announce that it closed
a debt settlement agreement executed on July
11, 2023, to satisfy certain outstanding indebtedness owed
to a specific arm's length creditor (the "Creditor") through the
issuance of common shares (the "Common Shares") of the Company (the
"Debt Settlement"). The Company plans to settle indebtedness of
$100,000 by issuing 2,000,000 Common
Shares of Reklaim Ltd. at a deemed price of $0.05 per Common Share. In addition, the Common
Shares issued pursuant to the Debt Settlement will be subject to a
four-month hold period from the date of issuance. The company
has now reduced its debt by 32% this fiscal year.
Corporate Update
The company also wishes to announce that Kevin Shea has stepped down from the Company's
Board of Directors, effective September 8,
2023. As a thank you for his service to the Company, he will
be issued $10,000 of Restricted Share
Units ("RSUS) valued at $0.085.
About Reklaim
Offering compliant, zero-party data to Fortune 500 brands,
platforms, and data companies, Reklaim allows consumers to visit
the application, confirm their identity, and unveil data collected
and sold for years without the consumer's explicit consent. Reklaim
enables consumers to take back control of this data by setting up a
Reklaim account through which, should they choose to, they can be
compensated for their data. To view more information about Reklaim,
visit https://investors.reklaimyours.com.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include
statements based on current expectations involving several risks
and uncertainties without limitation and are not guarantees of the
Company's future performance. Actual results and future events
could differ materially from those anticipated in such information.
These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include, but are not limited to: the market for
privacy may not continue to grow, recent privacy regulations may
not have the anticipated effect, and the risks and uncertainties
discussed in our most recent annual and quarterly reports filed
with the Canadian securities regulators and available on the
Company's profile on SEDAR at www.sedar.com, which risks and
uncertainties are incorporated herein by reference. Readers are
cautioned not to place undue reliance on forward-looking
statements. Except as required by law, the Company does not intend
and undertakes no obligation to update any forward-looking
statements to reflect, in particular, new information or future
events.
The reader is cautioned that assumptions in preparing
forward-looking information may prove incorrect. Events or
circumstances may cause actual results to differ materially from
those predicted due to numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of the Company. As a result, the Company cannot guarantee
that any forward-looking statement will materialize, and the reader
is cautioned not to place undue reliance on any forward-looking
information. Although considered reasonable by management during
preparation, such information may prove incorrect, and results may
differ materially from anticipated. This cautionary statement
expressly qualifies forward-looking statements contained in this
news release. The forward-looking statements in this news release
are made as of the date of this news release. The Company will only
update or revise any included forward-looking statements as
expressly required by Canadian securities law.
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SOURCE Reklaim Ltd.