Novateqni Announces Completion of Shares FOR Debt with CEO
NOVATEQNI ANNOUNCES COMPLETION OF SHARES FOR DEBT WITH CEO
FOR IMMEDIATE RELEASE
December 1 8, 2017 – Calgary, Alberta – NovaTeqni Corporation (“ NovaTeqni” or the
"Company") (TSXV - NTQ: OTCQB - NVTQF) announces that it has completed its previously
announced shares for debt transaction with Gerhard Mynhardt. Gerhard Mynhardt received
2,535,347 common shares of the Company in settlement of $380,302 of loans to the Company.
Gerhard Mynhardt is the sole shareholder of Nova Meric (Pty) Ltd. which owns 13,424,051
approximately 41.6% of the issu ed and outstanding common shares . Upon completion of the
debt settlement , Gerhard Mynhardt and Nova Meric (Pty) Ltd . now jointly own 15,959,398
common shares (approximately 45.9% of the issued and outstanding common shares).
For further information, please contact Gerhard Mynhardt, Chief Executive Officer of the
Corporation, by email at [email protected].
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