LONDON, ON, July 14, 2022 /PRNewswire/ - Indiva Limited (the "Company" or "Indiva") (TSXV: NDVA) (OTCQX: NDVAF) is pleased to announce that it has entered into a shares for debt agreement (the "Agreement"), to satisfy an aggregate of $172,075.98 of the Company's outstanding debt (the "Indebtedness") related to accrued but unpaid portions of the interest payments outstanding under certain convertible debentures of the Company (the "Debentures") as well as certain trade payables for products and services provided to the Company. An aggregate of 1,012,209 common shares in the capital of the Company (the "Shares") at a deemed price of $0.17 per Share are proposed to be issued to the creditor. The creditors include certain related parties of the Company, including, Niel Marotta, the CEO and a director of the Company, Jennifer Welsh, the CFO of the Company, and Rachel Goldman, a director of the Company (collectively, the "Related Parties"). Every other creditor is an arm's length party who subscribed for convertible debentures of the Company.
Read more at prnewswire.comINDIVA ANNOUNCES SHARES FOR DEBT TRANSACTION
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