FTI Foodtech Settles $497,500 Debt Through Share Issuance

FTI Foodtech International Inc. has announced a debt settlement agreement involving the issuance of 3,316,666 common shares at $0.15 each to resolve $497,500 in debt. This transaction includes non-arm’s length dealings with insiders and is subject to regulatory approvals.

Original excerpt: FTI Foodtech International Inc. has announced a debt settlement agreement to resolve $497,500 in debt by issuing 3,316,666 common shares at $0.15 per share…

Source: TipRanks