KDA Group Completes Debt Settlement

(via TheNewswire)

Thetford Mines, Quebec/TheNewswire /February 29, 2024/KDA Group Inc. (TSXV: KDA) (“KDA” or the “Corporation”) is pleased to announce that the debt settlement previously announced in its press release dated February 22, 2024 has been completed and the Corporation settled indebtedness to a creditor totalling $1,236,398 in exchange for the issuance of 4,000,000 Class A Shares of KDA (“Common shares”) at a price of $0.309 per Common share (the “Debt Settlement”).

The Debt Settlement has received 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 GROUP

KDA Group is a leader in technological innovations and specialized solutions in the pharmaceutical market. KDA is a corporation that offers quality products and has a respected expertise among the various stakeholders in the pharmaceutical and medical sectors. Its management team is guided by the vision to pursue leading the way in Canada and internationally. Additional information about the Corporation is available atwww.kdagroup.comand on SEDAR+ atwww.sedarplus.ca.

 

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CAUTION REGARDING FORWARD-LOOKING STATEMENTS

 

This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the wordsassumption,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 Group 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

[e-mail]

 

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