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    blockchain investing

    NetCents Enters into Settlement Agreement

    Jocelyn Aspa
    Nov. 14, 2018 09:25AM PST
    Blockchain Investing

    NetCents Technology (CSE:NC) has announced it has settled an outstanding claim owed to Equities Media. As quoted in the press release: e claim related to a dispute over the issuance of 135,552 common shares and 135,552 warrants by Netcents to Equities. In exchange for the release of the claim, Netcents issued Equities the following: i. …

    NetCents Technology (CSE:NC) has announced it has settled an outstanding claim owed to Equities Media.

    As quoted in the press release:

    e claim related to a dispute over the issuance of 135,552 common shares and 135,552 warrants by Netcents to Equities.

    In exchange for the release of the claim, Netcents issued Equities the following:

    i.

    135,552 freely-trading common shares of NetCents;

    ii

    135,552 common share purchase warrants of NetCents, each such warrant entitling the holder to acquire one additional common share of NetCents for a period expiring October 31, 2019 at a price of $1.42 per share (the “Settlement Warrants“); and

    iii.

    an additional 14,084 common shares being the number of common shares as is equal to $20,000 divided by the Exercise Price (the “Additional Shares“).

    The Settlement Warrants and Additional Shares are subject to a hold period expiring March 1, 2019.

    Click here to read the full press release.

    cse:ncblockchain investing
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