KDA Group Announces Debt Settlement

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(TheNewswire)

Thetford Mines, Quebec - TheNewswire - September 13, 2019 – KDA Group Inc. (TSXV:KDA) (“KDA” or the “Corporation”) is pleased to announce that, subject to regulatory approval, it has reached an agreement to settle indebtedness to a creditor, Marc Lemieux, President and Chief Executive Officer, totalling $925,000 in exchange for the issuance of 4,625,000 Class A Shares of KDA (“Common shares”) at a price of $0.20 per Common share (the “Debt Settlement”).

The Debt Settlement remains subject to the approval of the TSX Venture Exchange. All securities to be issued under the Debt Settlement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities regulations.

 

ABOUT KDA

KDA is a leading innovation and specialized solution provider in the pharmaceutical market. Today, it is a respected name for quality and expertise among the different stakeholders in the pharmaceutical and medical sector. Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.

 

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CAUTION REGARDING FORWARD-LOOKING STATEMENTS

 

This press release from KDA contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or 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 make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

INFORMATION

Marc Lemieux

Chief Executive Officer

514 622-7370

[email protected]

Copyright (c) 2019 TheNewswire - All rights reserved.