GINSMS Completes Loan Repayment by Shares for Debt

CALGARY, Alberta, Nov. 15, 2022 (GLOBE NEWSWIRE) -- GINSMS Inc. (“GINSMS” or the “Corporation”) (TSXV: GOK) is pleased to announce that it has completed the shares for debt transaction (the “Shares for Debt Transaction”) previously announced on October 17, 2022, pursuant to the agreement between the Corporation and Joel Siang Hui Chin (“Joel Chin”) for the repayment, by way of 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.

Read more at globenewswire.com