Therma Bright Inc. Announces Debt Settlements
Overview
Toronto, Ontario–(Newsfile Corp. – November 11, 2024) – Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) (“Therma Bright” or the “Company”), a developer and investment partner in a wide range of leading-edge, proprietary diagnostic and medical device technologies, announces that the Company has negotiated debt settlements with arm’s length creditors. Pursuant to the debt settlements it has arranged, and subject to acceptance by the TSXV, the Company proposes to settle aggregate debt of $297,326.50 in consideration for which it will issue an aggregate of 8,495,042 common shares at a deemed price of $0.035 per share.
Details of Debt Settlements
The debt settlements with arm’s length creditors will allow Therma Bright Inc. to settle a total debt of $297,326.50 by issuing 8,495,042 common shares at a price of $0.035 per share. This move is subject to approval by the TSXV and is part of the Company’s ongoing efforts to strengthen its financial position.
Impact on Shareholders
Shareholders of Therma Bright Inc. will see an increase in the number of common shares outstanding as a result of the debt settlements. However, this could potentially lead to a more stable financial foundation for the Company, which may benefit shareholders in the long run.
Effect on Individuals
As an individual investor, this debt settlement announcement may impact you by altering the stock price and potentially diluting existing shares. It is important to closely monitor the Company’s financial performance and future developments to make informed decisions regarding your investment.
Global Implications
The debt settlements by Therma Bright Inc. could signal a positive step towards financial stability for the Company, which can have a ripple effect on the global market. Investors worldwide will be watching closely to see how this move impacts the Company’s overall performance and market position.
Conclusion
Therma Bright Inc.’s announcement of debt settlements demonstrates the Company’s commitment to addressing its financial obligations and strengthening its position in the market. Shareholders and investors should stay informed about the developments following this decision to gauge its impact on the Company’s future prospects.
