Further debt reduction reduces the company's total debt by 32% in Fiscal 2023

NEW YORK, Sept. 11, 2023https://www.investors.reklaimyours.com/ /CNW/ - Reklaim (TSXV: MYID) (OTC: MYIDF) ("Reklaim"), the destination for consumers to access and reclaim their data, announces that Reklaim CEO & Founder Neil Sweeney will be attending three investor conferences in the coming months to expand the awareness of Reklaim;

• CEM Muskoka, Canada Sept 29th-30th
• LD Micro, Los Angeles Oct 3rd-5th
• AlphaNorth Capital Event, Jan 19th-21 Nassau, Bahamas

If you would like to book a time with the Reklaim team at one of these events, please contact [email protected].

Additionally, the company is pleased to announce that it closed a debt settlement agreement executed on July 11, 2023, to satisfy certain outstanding indebtedness owed to a specific arm's length creditor (the "Creditor") through the issuance of common shares (the "Common Shares") of the Company (the "Debt Settlement"). The Company plans to settle indebtedness of $100,000 by issuing 2,000,000 Common Shares of Reklaim Ltd. at a deemed price of $0.05 per Common Share. In addition, the ‎Common Shares issued pursuant to the Debt Settlement will be subject to a four-month hold period from the date of issuance.  The company has now reduced its debt by 32% this fiscal year.

The company also wishes to announce that Kevin Shea has stepped down from the Company's Board of Directors, effective September 8, 2023. As a thank you for his service to the Company, he will be issued $10,000 of Restricted Share Units ("RSUS) valued at $0.085. 

Offering compliant, zero-party data to Fortune 500 brands, platforms, and data companies, Reklaim allows consumers to visit the application, confirm their identity, and unveil data collected and sold for years without the consumer's explicit consent. Reklaim enables consumers to take back control of this data by setting up a Reklaim account through which, should they choose to, they can be compensated for their data. To view more information about Reklaim, visit https://investors.reklaimyours.com.

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

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include statements based on current expectations involving several risks and uncertainties without limitation and are not guarantees of the Company's future performance. Actual results and future events could differ materially from those anticipated in such information. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to: the market for privacy may not continue to grow, recent privacy regulations may not have the anticipated effect, and the risks and uncertainties discussed in our most recent annual and quarterly reports filed with the Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com, which risks and uncertainties are incorporated herein by reference. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company does not intend and undertakes no obligation to update any forward-looking statements to reflect, in particular, new information or future events.

The reader is cautioned that assumptions in preparing forward-looking information may prove incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Although considered reasonable by management during preparation, such information may prove incorrect, and results may differ materially from anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements in this news release are made as of the date of this news release. The Company will only update or revise any included forward-looking statements as expressly required by Canadian securities law.

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SOURCE Reklaim Ltd.

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