SOFTLAB9 Shares for Debt Settlement

Vancouver, BC. – TheNewswire – October 5, 2020 – Softlab9 Technologies Inc. (CSE:SOFT) (Frankfurt: APO2) (OTC:SOFSF) (CNSX:SOFSF) (“SOFT” or the “Company”), announces that it entered into a debt settlement agreement with an arm’s length creditor of the Company, to settle $50,000 of debt in consideration for the issuance of 51,546 common shares (the “Shares”) at a deemed price of $0.97 per Share (the “Debt Settlement”). The debt Settlement was for unpaid remuneration for services.

The Shares will be subject to a statutory four month hold period.

About SoftLab9

SoftLab9 Technologies Inc. is an international publicly traded company that specializes in the development of early staged companies. We provide access to capital, executive management and industry experience to grow our portfolio of companies.

SoftLab9s experienced team bring new ideas and innovation based on science to find solutions to the current world we live in. Customers rely on quality, nontoxic products to keep their homes clean and their loved ones safe, now more than ever during this unprecedented international public health crisis.

For further information please contact:

Rahim Mohamed

Chief Executive Officer

Phone: (403) 605-9429

RM@softlab9.com

www.softlab9.com

Paul Searle

Corporate Communications

Citygate Capital Corp

Phone: (778) 240-7724

psearle@citygatecap.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2020 TheNewswire – All rights reserved.

You must be logged in to post a comment Login