Workflow
Universal Ibogaine Advises of Debt Settlement Agreement and Update on Status of Cease Trade Order
UVVUniversal (UVV) Thenewswire·2025-04-03 20:05

 Calgary, AB – TheNewswire - April 3, 2025 – Universal Ibogaine Inc. (TSXV:IBO) (“UI” or the “Company”), a life sciences company with a mission to deliver medicalized ibogaine-centered addiction care, advises that it has agreed to settle a portion, totalling 106,200,ofarrearsconsultingfeesowedtoitsCEO,NicholasKaros(the“Debt”). UIisinprocessofapplyingtotheTSXVentureExchange(the“TSXV”)toallowtheissuanceofupto4,248,000commonshares,ataminimumpriceof106,200, of arrears consulting fees owed to its CEO, Nicholas Karos (the “Debt”).  UI is in process of applying to the TSX Venture Exchange (the “TSXV”) to allow the issuance of up to 4,248,000 common shares, at a minimum price of 0.025 per share (or ...