InsuraGuest Technologies Reduces Debt with Shares
August 14 2020 - 7:00AM
via NetworkWire – InsuraGuest Technologies Inc. (the “Company”)
(TSX-V: ISGI) (OTC: IGSTF), announces the issuance of a total of
4,901,625 shares of its common stock to various individuals and
entities to reduce approximately $765,607.83 (CDN) of its debt
which was incurred in connection with services rendered to the
Company and its wholly-owned subsidiary, InsuraGuest, Inc., over
the past year and half. Of the shares to be issued, 2,271,127
shares will be issued to Douglas K. Anderson, a director of the
Company and its CEO, and 150,000 shares will be issued to an entity
controlled by Logan B. Anderson, a director of the Company and its
CFO. By converting these amounts to shares of stock, these
directors intend to preserve the Company’s cash in light of the
current pandemic.
InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent
Insurance
InsuraGuest Technologies (TSX.v: ISGI) is an insurtech
(insurance + technology) company that’s disrupting the insurance
landscape by utilizing its proprietary software platform to deliver
digital insurance to multiple sectors. We are transforming the way
insurance is delivered with the revolutionary idea that insurance
should be bought, not sold.
NEITHER 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 RELEASE.
Company Contact:Investor Relations
+1-212-466-6200 ext. 1Investor@InsuraGuest.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
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