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Silo Wellness Converts $107k of Additional Accounts Payable Debt
March 03, 2023 6:03 AM EST | Source: Silo Wellness Inc.
Springfield, Oregon--(Newsfile Corp. - March 3, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A), announced that it has reached an agreement with an arm's length creditor to convert CAD$107,548.05 of accounts payable debt for common shares at a conversion price of $0.011 per share for a total of 9,777,095 shares with the statutory four-month hold. Once the treasury direction documents are processed, this conversion will bring the total share count up to 139,704,089 total shares issued. This conversion was made at the 20-day VWAP, which was approved by the Canadian Securities Exchange (CSE) as price protection and expires on March 20, 2023.
Contact:
Mike Arnold, CEO
541-900-5871
IR at silo wellness dot com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SEE PRIOR PRESS RELEASES FOR CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156988