VANCOUVER, BC, Jan. 1, 2022 /CNW/ – Pontus Protein Ltd. (TSXV: HULK) (OTCQB: HLKKF) (FSE: 8YC) (“Pontus” or the “Firm“) publicizes that it has entered into debt settlement agreements (the “Debt Settlement Agreements“) with sure arm’s size collectors of the Firm to settle money owed within the mixture quantity of $66,197 (the “Debt“).
Pursuant to the phrases of the Debt Settlement Agreements, the Firm will difficulty an mixture of 491,891 frequent shares within the capital of the Firm to the collectors at a deemed value of $0.16 per frequent share in full and last satisfaction of the Debt. The Debt Settlement Agreements and the issuance of the shares in consideration of the Debt are topic to approval of the Board of the Firm and the TSX Enterprise Alternate. All shares issued in reference to the Debt Settlement Agreements shall be topic to a maintain interval of 4 months and at some point from the date of issuance.
About Pontus Protein Ltd.
Pontus Protein Ltd. is a Vancouver, B.C. based mostly agricultural know-how firm that can allow hundreds of thousands to rethink their meals decisions whereas serving to individuals do the world a world of excellent. By providing sustainably grown plant based mostly meals choices which can be nutritious and scrumptious, we’re serving to this type of eating regimen change into the norm.
Pontus is reinventing agriculture with their proprietary Closed Atmosphere Vertical Aquaponic System (CEVAS) – the farming of the long run. Pontus specializes within the indoor vertical farming of water lentils that use 95% much less water than conventional agriculture and no pesticides or chemical compounds. Pontus is dedicated to fixing the worldwide meals disaster by offering entry to sustainable indoor biosecure pure plant based mostly proteins. Pontus’ water lentils may be harvested each 24 hours, exceed natural certification, and may be grown in any local weather in a comparatively small space. Our water lentil protein is stuffed with antioxidants, minerals, nutritional vitamins and all of the amino acids, making an entire protein meals supply. Pontus goals to revolutionize the plant based mostly sector as all the sector is presently based mostly on two foremost protein sources: soy and pea. Water lentil protein is much superior to pea and soy protein. It incorporates over 40% protein vs. 5-36% protein*, and Pontus goals to be the bottom protein for plant based mostly meals merchandise, resulting in the motion transitioning the world from meat based mostly to plant based mostly proteins.
To be taught extra, please go to pontuswaterlentils.com.
On behalf of the Board of Administrators
“Connor Yuen”
Connor Yuen, CEO
Pontus Protein Ltd.
Ahead-Trying Info
Sure statements on this launch are forward-looking statements, which mirror administration’s expectations concerning the Firm. Ahead-looking statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run, together with however not restricted to, the anticipated use of proceeds of the Providing, Together with these from the Second Tranche, by the Firm and Pontus’ means to revolutionize the plant based mostly sector and allow hundreds of thousands to rethink their meals decisions. Such statements are topic to dangers and uncertainties that will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements, together with dangers associated to elements past the management of the Firm. These dangers embrace, however aren’t restricted to, the next: the unknown magnitude and length of the consequences of the COVID-19 pandemic, the failure of Pontus to obtain TSX Enterprise Alternate approval for the closing of the rest of the Providing, Pontus’ incapability to shut additional tranches of the Providing, the failure of Pontus to obtain the mandatory approvals from the Canadian Meals Inspection Company for its merchandise and amenities, the shortcoming to finish Pontus’ Surrey Facility, in addition to different common enterprise, financial, or market associated dangers past the director management of the Firm and which can have an effect on the Firm’s enterprise, operations, or merchandise. No assurance may be on condition that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages the Firm will get hold of from them. The Firm undertakes no obligation to replace forward-looking info if circumstances or administration’s estimates or opinions ought to change, except required by regulation. The reader is cautioned to not place undue reliance on forward-looking info.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) settle for duty for the adequacy or accuracy of this launch.
SOURCE Pontus Protein Ltd.
For additional info: Contact Info: For extra info, please contact: Connor Yuen Chief, Govt Officer; For additional info: Investor Relations or Media enquiries: [email protected], (403) 589-7992