Brief: Avalon Globocare Says Entered Into And Closed A Debt Settlement Agreement And Release With Wenzhao Lu

Change Agents

27/07/2022 12:58

July 27 (Reuters) - Avalon Globocare Corp  AVCO.O :
    * AVALON GLOBOCARE CORP - ON JULY 25, ENTERED INTO AND
CLOSED A
DEBT SETTLEMENT AGREEMENT AND RELEASE WITH WENZHAO “DANIEL” LU
    * AVALON GLOBOCARE CORP - LU CONVERTED $2.9 MILLION OF DEBT
OWED
UNDER LINE OF CREDIT INTO 4.5 MILLION SHARES AT $0.65 PER SHARE
    * AVALON GLOBOCARE CORP - ON JULY 25, FSUNSHINE TRADING PTE
LTD
CONVERTED CONVERTIBLE NOTES $3.7 MILLION INTO 5.7 MILLION SHARES

Source:(https://bit.ly/3oDT8Kg)
Further company coverage:  AVCO.O 

 ((Reuters.Briefs@thomsonreuters.com;))