Justera Health Finalizes Debt Settlement Agreement

Justera Health Ltd. has announced the successful closure of its debt settlement agreement. The company resolved a $355,570 debt owed to a non-arm's-length creditor by issuing 7,111,400 units at a price of C$0.05 per unit. Each unit comprises one common share and one share purchase warrant, exercisable at $0.05 per share for five years. The warrants include an acceleration clause that triggers if shares trade at or above $0.10 for five consecutive days.

The issued shares and warrants are subject to a hold period of four months and one day. This strategic resolution aims to streamline Justera's financial structure, offering potential growth and stability. However, the transaction's success depends on market conditions and regulatory approvals.