QualityStocksNewsBreaks – InsuraGuest Technologies Inc. (TSX.V: ISGI) Reduces Debt via Issuance of Shares
InsuraGuest Technologies (TSX.V: ISGI), today announced the issuance of a total of 4,901,625 shares of its common stock to various individuals and entities to reduce approximately C$765,607.83 of its debt, which was incurred in connection with services rendered to the company and its wholly owned subsidiary, InsuraGuest, Inc., over the past year and half. Of the shares, 2,271,127 will be issued to Douglas K. Anderson, a director of the company and its CEO, and 150,000 will be issued to an entity controlled by Logan B. Anderson, a director of the company and its CFO. Through this conversion to shares of…