Metrospaces Inc (MSPC)

[DjXLNs]

Per InverstorHub Newswire:

Date: January 14, 2021
IQST - iQSTEL Reduces Overall Debt By 48% In Conjunction With Convertible Debt Elimination

Symbol: IQST

New York, NY -- January 14, 2021 -- InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC: IQST) today announced that the company has reduced its overall outstanding debt obligations by 48%, down over $1.5 million from $3.3 million in conjunction with the previously announced elimination of all derivative liabilities including convertible debt and warrants. The company has exchanged all derivative liabilities for standard commercial promissory notes bearing 10% interest reducing its overall debt obligations. The balance sheet improvements (see summary below) are intended to enhance the company’s current efforts to up-list onto a major exchange.

Sep 30, 2020 Jan 13, 2021

Warrants 303,250.00 -

Convertible Notes 1,714,229.31 -

Promissory Notes (Non Convertible) 812,740.29 1,522,084.63

Settlement Agreement 490,000.00 210,000.00

Total 3,320,219.60 1,732,084.63



“We are on track in our debt reduction strategy, getting a stronger Balance Sheet for our up-listing path”, commented Mr. Iglesias, iQSTEL, Inc. CEO.