(TheNewswire)
Thetford Mines, Quebec / TheNewswire / February 29,2024 / KDA Group Inc.(TSXV: KDA) (“ KDA ” or the “ Corporation ”) ispleased to announce that the debt settlement previously announced inits press release dated February 22, 2024 has been completed and theCorporation settled indebtedness to a creditor totalling $1,236,398 inexchange for the issuance of 4,000,000 Class A Shares of KDA(“ Common shares ”) at a price of $0.309 per Common share (the“ Debt Settlement ”).
The Debt Settlement has received approval of the TSXVenture Exchange. All securities to be issued under the DebtSettlement will be subject to a hold period of four months and one dayfrom the date of issuance in accordance with applicable securitiesregulations.
ABOUT KDA GROUP
KDA Group is a leader in technological innovations andspecialized solutions in the pharmaceutical market. KDA is acorporation that offers quality products and has a respected expertiseamong the various stakeholders in the pharmaceutical and medicalsectors. Its management team is guided by the vision to pursue leadingthe way in Canada and internationally. Additional information aboutthe Corporation is available at www.kdagroup.com and onSEDAR+ at www.sedarplus.ca .
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CAUTION REGARDINGFORWARD-LOOKING STATEMENTS
This press release from KDA Groupcontains forward-looking statements. Forward-looking statements aretypically identified by the words assumption , goal , guidance , objective , outlook , strategy , target, and other similar expressions, or futureor conditional verbs such as aim , anticipate , believe , predict , could , expect , intend , may , plan , seek , should , strive, and will . By their nature, forward-looking statements require us to makeestimates and assumptions and express opinions based on currentconditions and anticipated developments, as well as other factors thatManagement may deem appropriate under the circumstances. There isinherent uncertainty and significant risk in these estimates,assumptions, and opinions, particularly of a commercial, economic, andcompetitive nature, and they are therefore subject to change. KDAGroup cannot guarantee that these estimates, assumptions, and opinionswill prove to be accurate.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this press release.
INFORMATION
Marc Lemieux, Chief Executive Officer
514 622-7370
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