(TheNewswire)
Vancouver, B.C. – TheNewswire - July 18th, 2023 - CleanGo InnovationsInc. ( CSE :CGII.CN) (OTC:CLGOF)(FRA:APO2) (“CleanGo”) or (the “Company”) Pursuant to therelease of July 11, 2023 the Company has issued 285,714 Common sharesas part of a Debt Settlement Agreement with its CEO in the amount of$100,000 at a deemed value of $0.35 per share.
The shares for debt transaction constitutes a “related partytransaction” within the meaning of Multilateral Instrument 61-101– Protection of Minority Security Holders in SpecialTransactions (“MI 61-101“) as the CEO of the Company received theCommon Shares in connection with the debt settlement. The Company isrelying on the exemptions from the valuation and minority shareholderapproval requirements of MI 61-101 contained in sections 5.5(a) and5.7(1)(a) of MI 61-101, as the fair market value of the shares fordebt transaction with the insider does not exceed 25% of the marketcapitalization of the Company, as determined in accordance with MI61-101.
About CleanGo Innovations
CleanGo Innovations Inc. is an international, publicly traded companythat specializes in the development of early-staged, green, non-toxicand sustainable products used in retail, commercial and industrialapplications.
The company is proud of its suite of proprietary, Green Seal Certifiednon-toxic green products that are Health Canada approved to claim99.9% disinfecting of viruses and bacteria on a hard surface.CleanGo’s portfolio is proud to be a part of Cruelty Free / LeapingBunny as a certified product while being both family and pet safe. Itis CleanGo’s mission to create the world’s leading non-toxic,green solutions for the worlds cleaning problems.
CleanGo Innovation’s experienced team brings new ideas andinnovation based on science to find solutions to the problems ofcurrent world we live in. Customers rely on quality, nontoxic productsto keep their homes clean and their loved ones safe.
On behalf of the CEO & Board ofDirectors
Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.
For More information Contact:
info@cleangogreengo.com or Phone 1 949 200 6534
Neither Canadian Stock Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.
Copyright (c) 2023 TheNewswire - All rights reserved.