BZAM Announces Shares for Debt Transaction and Stock Option Grants
VANCOUVER, BC, and TORONTO – BZAM Ltd. (the “Company” or “BZAM”) (CSE: BZAM) (OTC: BZAMF), a sustainable global cannabis company, announces that the Company has agreed to issue an aggregate of 376,923 common shares of the Company (the “Common Shares”), at a deemed issuance price of $0.325 per Common Share, to settle approximately $122,500 (the “Indebtedness”) owing to a third party supplier (the “Supplier”) for certain services provided to a wholly-owned subsidiary of the Company by the Supplier. Such Common Shares will be issued in reliance on certain prospectus exemptions available under securities legislation and will be subject to a four-month plus one day statutory hold period. The issuance of such Common Shares to settle the Indebtedness remains subject to all necessary regulatory approvals including final acceptance by the Canadian Securities Exchange (the “CSE”). In addition, the Company announces that it has granted options (each, an “Option”) to purchase an aggreg...