Voxtur Announces Issuance of Shares to Settle Debt with a Former Executive
June 11 2024 - 3:00PM
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF)
(“
Voxtur” or the “
Company”), a
North American technology company creating a more transparent and
accessible real estate lending ecosystem, announces that it intends
to issue (the “
Issuance”) 987,487 common shares in
the capital of the Company (“
Common Shares”) at a
deemed price of US$0.0769 (C$0.1044) per share, to settle the
balance of a bonus owed to a former executive of the Company in the
amount of US$75,931 (C$103,130) (the “
Debt”).
The Issuance is considered to be a
shares-for-debt transaction pursuant to the policies of the TSX
Venture Exchange (the “TSXV”) and remains subject
to TSXV approval. The Common Shares to be issued pursuant to the
transaction will be subject to a hold period of four (4) months and
one (1) day from the date of issuance.
About Voxtur
Voxtur is a transformational real estate
technology company that is redefining industry standards in a
dynamic lending environment. The Company offers targeted data
analytics to simplify the multifaceted aspects of the lending
lifecycle for investors, lenders, government agencies and
servicers. Voxtur's proprietary data hub and workflow platforms
more accurately and efficiently value assets, originate and service
loans, and securitize portfolios. As an independent and transparent
mortgage technology provider, the Company offers primary and
secondary market solutions in the United States and Canada. For
more information, visit www.voxtur.com.
Neither TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information
This news release contains forward-looking
statements and forward-looking information (collectively,
“forward-looking information”). Any information
contained herein that is not based on historical facts may be
deemed to constitute forward-looking information within the meaning
of Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information may include, but is not
limited to: the completion of the Issuance; approval of the
Issuance by the TSXV; expectations for the effects of certain
milestones or the ability of the Company to successfully achieve
certain business objectives; the effects of unexpected costs,
liabilities or delays; success of software activities; regulatory
approval; the competition for skilled personnel; expectations for
other economic, business, environmental, regulatory and/or
competitive factors related to the Company, or the real estate
industry generally; anticipated future production costs; and other
events or conditions that may occur in the future. Investors are
cautioned that forward-looking information is not based on
historical facts but instead reflects estimates or projections
concerning future results or events based on the opinions,
assumptions and estimates of management considered reasonable at
the date the information is provided. Although the Company believes
that the expectations reflected in such forward-looking information
are reasonable, such information involves risks and uncertainties,
and undue reliance should not be placed on such information, as
unknown or unpredictable factors could have material adverse
effects on future results, performance, or achievements of the
Company. Among the key factors that could cause actual results to
differ materially from those projected in the forward-looking
information include but are not limited to: additional costs
related to acquisitions; ; integration of acquired businesses;
implementation of new products; changing global financial
conditions, especially in light of the COVID-19 global pandemic;
reliance on specific key employees and customers to maintain
business operations; competition within the Company's industry; a
risk in technological failure or failure to implement technological
upgrades in accordance with expected timelines; changing market
conditions; failure of governing agencies and regulatory bodies to
approve the use of products and services developed by the Company;
the Company’s dependence on maintaining intellectual property and
protecting newly developed intellectual property; operating losses
and negative cash flows; and currency fluctuations. Accordingly,
readers should not place undue reliance on forward-looking
information contained herein.
This forward-looking information is provided as
of the date of this news release and, accordingly, is subject to
change after such date. The Company does not assume any obligation
to update or revise this information to reflect new events or
circumstances except as required in accordance with applicable
laws.
Voxtur's common shares are traded on the TSX
Venture Exchange under the symbol VXTR and in the US on the OTCQB
under the symbol VXTRF.
Contact: Jordan RossChief Investment Officer
Tel: (416) 708-9764 jordan@voxtur.com
For media inquiries:
Jacob GaffneyTel: (817)
471-7627jacob@gaffneyaustin.com
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