Novateqni Announces Shares FOR Debt Settlement with CEO
NOVATEQNI ANNOUNCES SHARES FOR DEBT SETTLEMENT WITH CEO
FOR IMMEDIATE RELEASE
November 7, 2017 – Calgary, Alberta – NovaTeqni Cor poration (“NovaTeqni” or the "Company") (TSXV - NTQ :
OTCQB - NVTQF) is pleased to announce that NovaTeqn i has reached an agreement with Mr. Gerhard Mynhard t,
the Company’s CEO and largest shareholder, in respe ct of a $380,302 loan advanced to the Company.
Mr. Myhardt has agreed to accept 2,535,347 common shares in the capital of NovaTeqni at a deemed value of $0.15
per share in lieu of the repayment of the above-noted loan. Mr. Mynhardt is currently the beneficial owner of 41.6
percent of NovaTeqni’s outstanding common shares. Assuming the closing of the shares for debt settlement, Mr.
Mynhardt would be the beneficial owner of 45.9 perc ent of NovaTeqni’s outstanding common shares.
The closing of the debt settlement is subject to the approval of the TSX Venture Exchange and all common shares
issued to Mr. Mynhardt will be subject to a hold pe riod of four months.
About Novateqni
NovaTeqni is a technology based company that is foc using on biometrics and financial technologies. Usi ng its
management experience and developed intellectual pr operty, NovaTeqni provides solutions and products f or voter
validation, voter registration, financial transacti ons and biometric solutions. Using its platform of products,
NovaTeqni can provide clients with custom solutions for their particular industry. NovaTeqni has corpo rate offices
in Calgary, Alberta, sales offices in Virginia Beac h, Virginia, development offices in Johannesburg, S outh Africa
and manufacturing in Hong Kong.
Reader Advisory
This press release contains forward-looking stateme nts and forward-looking information within the mean ing of
applicable securities laws. The use of any of the w ords "expect", "anticipate", "continue", "estimate" , "objective",
"ongoing", "may", "will", "project", "should", "bel ieve", "plans", "intends" and similar expressions a re intended to
identify forward-looking information or statements. More particularly and without limitation, this new s release
contains forward looking statements and information concerning the shares for debt settlement with Mr. Gerhard
Mynhardt and the approval of the TSX Venture Exchan ge. The forward-looking statements and information are
based on certain key expectations and assumptions m ade by the Corporation, including expectations and
assumptions concerning the business of the Corporat ion. Although the Corporation believes that the ex pectations
and assumptions on which such forward-looking state ments and information are based are reasonable, und ue
reliance should not be placed on the forward lookin g statements and information because the Corporatio n can give
no assurance that they will prove to be correct. B y its nature, such forward-looking information is s ubject to
various risks and uncertainties, which could cause the actual results and expectations to differ mater ially from the
anticipated results or expectations expressed. The se risks and uncertainties, include, but are not li mited to, the
Corporation's expectations and assumptions concerni ng the business of the Corporation and the ability to complete
the shares for debt settlement with Mr. Gerhard Myn hardt. Readers are cautioned not to place undue re liance on
this forward-looking information, which is given as of the date hereof, and to not use such forward-lo oking
information for anything other than its intended pu rpose. The Corporation undertakes no obligation to update
publicly or revise any forward-looking information, whether as a result of new information, future eve nts or
otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.