Friday, May 04, 2018 3:07:36 PM
PHILADELPHIA, May 4, 2018 /PRNewswire/ -- Integrated Ventures, Inc. (OTCQB: INTV) (the "Company") today announced that it has executed a Settlement & Forbearance Agreement ("SFA") with LG Capital in regards to the certain Note Payable.
The Company has agreed to provide a cash payment of the amount of $135,427.11 (the total outstanding amount) with balance of $29,257.12 (accrued interest) to be paid by July 1, 2018.
"We are happy to confirm that the Company has completed the retirement of all corporate debt and notes payable as of 05/04/2018," commented Steve Rubakh, CEO of Integrated Ventures, Inc.
"This SFA is in line and consistent with our goals to continue to strengthen our financial position and to enhance equity returns for our shareholders.
"The elimination of all liabilities from the Company's Balance Sheet is an integral component of positioning INTV for market expansion and qualifications for up listing to a higher exchange.
"We are excited about our asset growth, currently at $1.6 million (unaudited results), about the advancement of our operational and business goals and about upcoming acquisition opportunities in the cryptocurrency space."
About Integrated Ventures, Inc.: Integrated Ventures is focused on acquiring, launching and operating companies in the cryptocurrency sector ("BitcoLab"), mainly in digital currency mining, equipment manufacturing, sales of branded mining rigs ("Nemesis") and blockchain software development ("LoanFunder").
For more details, please visit www.integratedventuresinc.com.
Recent INTV News
- Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • InvestorsHub NewsWire • 05/15/2024 02:30:00 PM
- Integrated Ventures Delivers 376% Q2-to-Q1 Growth With Revenues Of $1,728,108 vs $1,059,064. • InvestorsHub NewsWire • 02/08/2024 01:30:00 PM
- Integrated Ventures Reports Preliminary Q1/2024 Revenue Results Of $1,059,064 vs $555,365 for Q1/2022 • InvestorsHub NewsWire • 11/10/2023 01:30:00 PM
- Integrated Ventures Buys Additional Miners With Focus On $7 Million In Yearly Revenues • InvestorsHub NewsWire • 11/08/2023 01:30:00 PM
- Integrated Ventures Reports $3,862,849 In Yearly Mining Revenues With 162 Bitcoins Produced • InvestorsHub NewsWire • 09/29/2023 02:00:00 PM
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