iQSTEL Inc (IQST)

[Stockthrasher]

iQSTEL Announces the Return of 5,144,123 Shares in Conjunction With the Resignation of Mr. Oscar Brito from the Board of Directors

iQSTEL Announces the Return of 5,144,123 Shares in Conjunction With the Resignation of Mr. Oscar Brito from the Board of Directors

NEW YORK, NY, March 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST) today announced that Mr. Oscar Brito, CFO of Metrospaces, Inc., will resign from the Board of Directors, effective immediately, to pursue other personal interests.
As part of the resignation agreement, Metrospaces, Inc. will return 5.1M shares. Metrospaces will keep 992k shares that are under a lock up and subsequent leak out agreement. Additionally, Metrospaces will have the right to purchase up to 1.25M shares over the next 24 months, at $2 per share.