DIGAF - "Provides Clarification to Shareholders Regarding Convertible Promissory Notes CPNsFont size: A | A | A
1:09 PM ET 11/16/18 | Dow Jones
VANCOUVER, BC / ACCESSWIRE / November 16, 2018 / DIGATRADE FINANCIAL CORP. (OTCQB: DIGAF) an OTC digital asset trade desk for institutions and financial technology company today announced a clarification to the previous announced press releases dated Oct 9, 2018. The Company had reported the following:
[During fiscal 2017 and up to the Q3 reporting period ended September 30, 2018 and subsequent to November 8, 2018; funds raised via Convertible Promissory Notes "CPN'S" totalled approximately US$1.4m. The principal balances of all current notes of maturity have been fully repaid and have a zero balance. Any new Notes will have a term to maturity equal to a minimum of six months and as a result no further conversions or dilution is anticipated until late Q1.2019 from any of these third-party lenders].
The Company provides the following clarification and re-statement:
During fiscal 2017 and up to November 14, 2018; funds raised via Convertible Promissory Notes "CPN'S" totalled approximately US$1.4m. One Note holder; Tangiers Capital LLC based in San Diego, CA, has a remaining principal balance of $1000 + interest and holds the option to convert into shares. All other current notes of maturity have been fully repaid; including principal and interest. The clarification that has been provided is the result of an accounting oversight by management.
Additional information will be provided as it materializes.
ABOUT DIGATRADE:
DIGATRADE is Financial Technology "Fintech" company located in Vancouver, British Columbia, Canada. The Company is owned and operated 100% by Digatrade Financial Corp which is publically listed on the OTC.QB under the trading symbol DIGAF. DIGAF is a reporting issuer in the Province of British Columbia, Canada with the British Columbia Securities Commission "BCSC" and in the United States with the Securities Exchange Commission "SEC". Digatrade operates as a registered Money Service Business "MSB" in Canada with FINTAC under Registration Number: M15954395.
CORPORATE CONTACT INFORMATION:
Digatrade Financial Corp.
1500 West Georgia Street, 1300
Vancouver, BC V6G-2Z6 Canada
Tel: +1(604) 200-0071
Fax: +1(604) 200-0072
www.digatrade.com "
