Skycap Proposes Share Conversion to Settle CAD 311,333 in Unpaid Director Fees
Bitget2026/11/04 15:12- Skycap Investment Holdings proposes issuing 102,836 post-consolidation common shares to Navy Street Consulting to settle CAD 580,000 in early termination payments.
- Another 85,106 post-consolidation common shares would settle CAD 480,000 in early termination payments owed to 2761819 Ontario.
- Four directors would receive 55,198 post-consolidation common shares to settle CAD 311,333 in accrued, unpaid fees.
- Legal counsel would receive 22,163 post-consolidation common shares to settle CAD 125,000 in outstanding legal fees.
- All issuances carry a deemed price of CAD 5.64 per share, require CSE approval and are expected following the share consolidation.
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