P2Earn (TSE:PXE) has released an update.
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P2Earn Inc. is set to issue 24.1 million shares at a nominal price of $0.01 each to settle a $241,000 debt with former director Jesse Dylan. The shares will adhere to a statutory hold period of four months and one day as per Canadian securities laws. This move comes after Dylan’s resignation from his director position in May earlier this year.
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