Hanna Capital (OTC:NITMF [https://seekingalpha.com/symbol/NITMF]) has amended its debt and private placement agreements. The company will now issue over 45.9 million common shares to six creditors to clear $459,179.36 in debt.
Additionally, the company is now seeking to raise up to $110,000 through a private placement of up to 11 million common shares at a price of $0.01 per share.
The proceeds from the private placement will be used for general working capital.
Both the shares issued for the debt conversion and the private placement will be subject to a four-month holding period and are contingent on receiving all necessary regulatory approvals.
Because the debt was acquired at a 50% discount, the shares issued to the creditors will be placed in a 36-month value escrow, as required by TSX Venture Exchange policy. Ten percent of the shares will be released immediately, with an additional 15% released every six months thereafter.
MORE ON HANNA CAPITAL CORP.
* Financial information for Hanna Capital Corp. [https://seekingalpha.com/symbol/HCC.H:CA/income-statement]
Hanna Capital amends debt and private placement agreements
Published 1 month ago
Sep 16, 2025 at 9:02 AM
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