FogChain Announces Debt Adjustment Stocks
VANCOUVER, BC, April 15, 2021 / CNW / – FogChain Corp. (CSE: FOG.X) (OTCB: FOGCF) (FRA: MUU3) (the “society” or “Chain of fog“), announces that the company intends to pay debts totaling $ 85,000 (the”debts“) owed to an administrative service provider of the company, through the issue of a total of 1,545,454 common shares of the company (the”Debt shares“) at an assumed price of $ 0.055 per share of debt (the “Debt settlement“).
All debt securities issued in connection with debt settlement are subject to a statutory hold period of four months plus one day from the date of issue in accordance with applicable securities laws.
About FogChain Corp.
FogChain previously wanted to be an end-to-end provider of software development lifecycle (SDLC) and quality assurance solutions, but the company’s business is now limited to identifying and evaluating assets or companies for an acquisition.
Learn more at www.FogChainInc.com
This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as “expects,” “expects,” “expects,” “intends,” “believes” or variations of such words and expressions, or states that certain acts, events or results “may” or “will” be taken, occur or be achieved. Forward-looking statements include statements relating to the settlement of debts and the corresponding issue of the debt shares. Forward-looking statements are not guarantees of future performance and are based on a number of estimates and assumptions made by management in light of management’s experience and perception of trends, current conditions and expected developments. Actual results, performance or achievements could differ materially from those expressed or implied in any forward-looking statements in this press release and accordingly no undue reliance should be placed on such forward-looking statements and they are not guarantees of future results. Forward-looking statements involve significant risks, assumptions, uncertainties and other factors, including but not limited to stock markets in general, that could cause actual future results or expected events to differ materially from those expressed or implied in forward-looking statements. Except as required by law, FogChain undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or for any other reason.
The Canadian Stock Exchange (“CSE“) nor its regulatory agency assumes any responsibility for the adequacy or accuracy of this press release. The CSE has in no way considered the merits of the proposed debt settlement and has not approved or disapproved of the contents of this press release.
SOURCE FogChain Corp.
For more information: FogChain Media Contact: Investor Relations, [email protected], (604) 684-2181