Chemesis International Inc. Announces Debt Settlement
June 10, 2022, (Vancouver, BC) Chemesis International Inc. (the “Company”) on (CSE: CSI, OTC PINK: CADMF FRA: CWAA), is pleased to announce that it has entered into a debt settlement agreement with a non-related vendor, pursuant to which it has discharged an aggregate total indebtedness of USD $148,858 (the "Debt Settlement") through the issuance of 350,000 common shares at a deemed price of USD$0.42 per share.
The securities issued pursuant to the Debt Settlements are subject to a four month hold period from the date of issuance.
On Behalf of The Board of Directors Josh Rosenberg President
Investor Relations:
[email protected] 1 (604) 398-3378
Forward-Looking Statements Caution. Statements in this press release regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties, such as the completion of the proposed acquisition. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing of the COB may not occur for any reason. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions may not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities may not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Forward-looking statements in this news release include the statements that list out the terms of Option Agreement and related COB. Actual results could differ materially from those currently anticipated due to factors such as: (i) the decision to not proceed with the Option Agreement and related COB, including adverse due diligence results or CSE refusal or shareholder refusal of the COB; or (ii) adverse market conditions. Additionally, completion of the COB is subject to a number of conditions, including but not limited to, CSE acceptance and shareholder approval. The COB cannot close until the required shareholder approval is obtained. There can be no assurance that the COB will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the information circular and listing statement to be prepared in connection with the COB, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
The CSE has neither approved nor disapproved the information contained herein.