HALIFAX, Nova Scotia — Maritime Launch Services Inc. (Cboe CA: MAXQ, OTCQB: MAXQF) (the “Company”) is pleased to confirm it has secured agreements and regulatory approval to complete its previously announced financing valued at approximately $1,600,000 in cash proceeds at a price of $0.05 per share, of which $331,525 was previously released to the Company […]
Maritime Launch Services Inc. has secured regulatory approval for a $1.6 million financing package, with $331,525 previously received as interest-free loans. The financing includes finder's fees of $128,000, settled in shares and warrants, and the issuance of 4.17 million shares to officers, directors, and employees for unpaid fees and salaries. The company also received conditional approval to extend its convertible debentures by two years, with $500,000 from the financing used to settle部分债务. The debenture conversion rate is adjusted to $0.05, aligning with the equity financing. The extension involves related parties, qualifying as a related party transaction under MI 61-101, with exemptions granted due to the company's financial situation. The extension is expected to close by February 24, 2025.
