Deveron Corp. Announces Settlement of Promissory Note
October 4, 2024
Toronto, Ontario–(Newsfile Corp. – October 4, 2024) – Deveron Corp. (TSXV: FARM) (“Deveron” or the “Company”), a leading agriculture services and data company in North America, is pleased to announce that further to its press releases of August 15, 2024 and September 16, 2024, the Company has settled an outstanding promissory note (the “Note”) in the amount of $400,000 through the issuance of 5,714,285 Units (the “Debt Settlement”), with each Unit being comprised of one common share (each, a “Common Share”) and one-half of one whole Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.10 per Common Share until the date that is eighteen (18) months from the date of issuance.
This Debt Settlement signifies a positive step for Deveron Corp. as it continues to strengthen its financial position and invest in its future growth. By settling the promissory note, the Company is demonstrating its commitment to financial responsibility and ensuring long-term sustainability.
Impact on You
As a consumer or investor, this settlement may have indirect effects on you. Deveron Corp.’s improved financial health could lead to more stability and potential growth opportunities for the company, which could ultimately benefit you as a customer or shareholder.
Impact on the World
The settlement of the promissory note by Deveron Corp. reflects positively on the agriculture services and data industry. It demonstrates a company’s ability to manage its debts and make strategic financial decisions to support its operations. This could instill confidence in the industry as a whole and pave the way for more sustainable business practices.
Conclusion
In conclusion, Deveron Corp.’s settlement of the promissory note is a significant development that showcases the company’s dedication to financial stability and growth. This move not only benefits the company itself but also has the potential to have broader positive impacts on consumers, investors, and the industry as a whole.
