(TheNewswire)
Vancouver, British Columbia, Canada / TheNewswire / March 14, 2024 – GOAT Industries Ltd.(the “Company” or “GOAT”) (CSE: GOAT) (OTC: BGTTF) (FWB:26B.F) announces that it intends to enter intodebt settlement agreements with certain creditors of the Company tosettle outstanding indebtedness in the aggregate amount of $32,000(the “ Debt ”) in exchange for the issuance of 2,935,779 units (the“ Units ”) at a price of $0.109 per Unit. Each Unit will becomprised one common share in the capital of the Company (a“ Common Share ”) and one common share purchase warrant (a “ Warrant ”), witheach Warrant exercisable for a period of two (2) years at a price ofC$0.15 per Warrant.
The company is finalizing the debt settlement toenhance its financial standing by diminishing its current liabilities.All securities issued by the Company will be subject to a standard four-month hold period from the date of issue. The Company has received acceptance of the debtsettlement from the Canadian Securities Exchange.
ABOUT GOAT INDUSTRIES LTD.
GOAT is an investment issuer focused on investing inhigh-potential companies operating across a variety of industries andsectors. The paramount goal of the Company is to generate maximumreturns from its investments.
For more information about the Company, please visit https://www.goatindustries.co/ . The Company’s final prospectus, financial statements andmanagement's discussion and analysis, among other documents, are allavailable on its profile page on SEDAR+ at www.sedarplus.ca .
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer Michael Leahy
Head Office Suite2200, 885 West Georgia Street, Vancouver, BC V6C 3E8
Telephone 1-833-4-GOAT-IR (1-833-446-2847)
Website www.goatindustries.co
Email info@goatindustries.co
The CSE and Information Service Provider have notreviewed and does not accept responsibility for the accuracy oradequacy of this release.
Forward-Looking Information
This news release contains certain forward-lookingstatements within the meaning of such statements under applicablesecurities law. Forward-looking statements are frequentlycharacterized by words such as "anticipates","plan", "continue", "expect","project", "intend", "believe","anticipate", "estimate", "may","will", "potential", "proposed","positioned" and other similar words, or statements thatcertain events or conditions "may" or "will"occur. The Company has provided the forward-looking statements inreliance on assumptions that it believes are reasonable at this time.All such forward-looking statements involve substantial known andunknown risks and uncertainties, certain of which are beyond theCompany’s control. Such risks and uncertainties include, withoutlimitation, delays resulting from or inability to obtain requiredregulatory approval. The reader is cautioned that the assumptions usedin the preparation of the forward-looking statements may prove to beincorrect and the actual results, performance or achievements coulddiffer materially from those expressed in, or implied by, theseforward-looking statements. Accordingly, no assurances can be giventhat any of the events anticipated by the forward-looking statementswill transpire or occur, or if any of them do, what benefits,including the amount of proceeds, the Company will derive therefrom.Readers are cautioned that the foregoing list of factors and list oftarget investments are not exhaustive. The Company is under noobligation, and expressly disclaims any intention or obligation, toupdate or revise any forward-looking statements, whether as a resultof new information, future events or otherwise, except as expresslyrequired by applicable law.
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