Chemesis International Inc. Announces Settlement of Debt
Chemesis International Inc. Announces Settlement of Debt
May 14, 2021
Vancouver, BC – Chemesis International Inc. (the “ Company”) (CSE: CSI ) ( OTC: CADMF ) ( FRA: CWAA), is
pleased to announce that it has entered into debt settlement agreements with certain convertible debenture
holders and other creditors, pursuant to which it has discharged an aggregate total indebtedness of CDN
$234,176 (the "Debt Settlements") on the following bases:
• CDN $234,176 in convertible debt for services rendered through the issuance of an aggregate total of
396,913 common shares of the Company at a deemed price of CAD $0.59 per common share to certain
creditors of the Company.
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:
1 (604) 398-3378
Forward-Looking Information: This news release contains “forward -looking information” within the meaning of
applicable securities laws relating to statements regarding the Company’s business, products and future of the
Company’s business, its product offerings and plans for sales and marketing, to further market its VICKI solutions, or
to better enhance shareholder value through the marketing of its VICKI solutions and its ability to obtain licenses in
additional jurisdictions. Although the Company believes that the expectations reflected in the forwar d-looking
information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are
cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject
to risks and unce rtainties that may cause actual results, performance and developments to differ materially from
those contemplated by these statements including, among other things, the risks that the Company may not be able
to further market its VICKI solutions, that foc ussing greater resources and attention to the marketing of the VICKI
solutions may not better enhance shareholder value, and that the Company's products and plans will vary
significantly as a result. Except as required by law, the Company expressly disclai ms any obligation and does not
intend to update any forward-looking statements or forward-looking information in this news release. Although the
Company believes that the expectations reflected in the forward -looking information are reasonable, there can b e
no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales
reported. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release