GINSMS Announces Agreement for Loan Repayment by Shares for Debt

CALGARY, Alberta, Oct. 17, 2022 (GLOBE NEWSWIRE) -- GINSMS Inc. (“GINSMS” or the “Corporation”) (TSXV: GOK) is pleased to announce that it has entered into an agreement with Joel Siang Hui Chin (“Joel Chin”), a director of the Corporation, for the repayment, by way of a share issuance, of loans (collectively, the “Loans”) representing an aggregate principal and interest total amount of CAD 3,732,450.73 granted to the Corporation by Joel Chin (the “Shares for Debt Transaction”).

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