“During the year ended
- Settlement of
$2,017,347 in debt and accrued interest through the issuance of 9,650,000 shares at an average price of$0.192 per share; - Surrender and cancellation of 2,050,000 common shares by a shareholder at no cost to the Company;
- Expansion of the office and manufacturing facility from approximately 7,500 SF to approximately 14,600 SF in preparation for setting up the manufacturing equipment and commencement of production,” he concluded.
The $2M+ of debt and accrued interest settlement and additional surrender and cancellation of 2,050,000 common shares allows the company to better allocate resources towards R&D and production.
These significant accomplishments have positioned the Go Green team to move forward with even greater confidence in bringing the Sonical™ technology to market and concurrently bringing significant value to its current shareholders as the company looks to ramp up production this quarter.
About the Company:
Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
Email: info@gogreentechcorp.org
Phone: +1 (866) 847-3366
gogreen-tech.org
Source:
2023 GlobeNewswire, Inc., source