Inventory Development Capital Inc. (CSE: PUMP) (FSE: P0G) (PTC Pink: STOCF) (the “Firm” or “Inventory Development”) declares that the Firm has entered right into a mortgage settlement (the “Mortgage Settlement”) dated January 7, 2025, with 1001070426 Ontario Inc. dba eGOD Digital Labs (“eGod” or “the “Borrower”), whereby the Firm has agreed to offer the Borrower with a mortgage within the quantity of $1,000,000 (the “Mortgage”). The Mortgage is to assist the Borrower’s strategic initiatives and enterprise operations.
The Mortgage: (i) accrues curiosity on the mortgage quantity at a charge equal to 10% each year; (ii) matures on June 30, 2026 (the “Maturity Date”); and (iii) is secured by first-priority safety curiosity on the private property of the Borrower, pursuant to a common safety settlement.
In reference to the Mortgage, the Borrower agreed to problem to the Firm an anti-dilution warrant (the “Anti-Dilution Warrant”), which entitles the Firm to train the warrant to 25% of the Borrower for nominal consideration. The Borrower additionally agreed to pay Inventory Development a royalty within the quantity of seven% of the income generated by the Borrower till a complete quantity of royalty of $500,000 has been paid to the Firm (the “Royalty”). As well as, the Firm has the proper to elect to transform all or a part of the Mortgage, along with any accrued curiosity and together with the total Royalty entitlement, into fully-paid and non-assessable widespread shares of eGod, which if exercised by the Firm could outcome within the Firm proudly owning greater than 51% of the Borrower, inclusive of an train of the Anti-Dilution Warrant.
We’re excited to offer this monetary assist to eGod Digital Labs and stay up for fostering the expansion and success of their operations,” stated Anthony Durkacz, Chief Govt Officer and Chairman of Inventory Development Capital, “This settlement underscores our dedication to investing in high-potential alternatives whereas guaranteeing worth for our shareholders by way of strong protections like anti-dilution warrants and royalty funds.”
About eGOD Digital Labs
eGOD Digital Labs is targeted on changing into a frontrunner within the Dogecoin and Litecoin mining house. eGOD is devoted to constructing sustainable, environment friendly, and scalable options that strengthen these networks. By leveraging superior mining methods, eGOD goals to assist the long-term progress and potential of Dogecoin and Litecoin. For added info please go to www.egoddigital.com.
About Inventory Development
Inventory Development Capital Inc. is an funding issuer primarily centered on the AI sector, crypto sector, and the Canadian hashish trade. The issuer intends to deal with investing in personal and public entities with robust mental property, distinctive administration and excessive progress potential that could be strategically positioned available in the market.
On behalf of the Board of Administrators of
STOCK TREND CAPITAL INC.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Anthony Durkacz
CEO, Director
Phone: (416) 720-4360
E-mail: anthony@stocktrend.com
Cautionary Be aware Relating to Ahead-Wanting Statements
This information launch comprises “forward-looking statements” inside the that means of relevant securities legal guidelines. Ahead-looking statements are based mostly on the opinions, assumptions, elements and estimates of administration thought-about cheap on the date the statements are made. The opinions, assumptions, elements and estimates which can show to be incorrect.
Ahead-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency, or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Such dangers and different elements embrace, amongst others: common financial, market, or enterprise circumstances; uninsured dangers; regulatory modifications; and different dangers detailed herein and once in a while within the filings made by the Firm with securities regulators. Though the Firm has tried to establish essential elements that would trigger precise actions, occasions, or outcomes to vary from these described in forward-looking statements, there could also be different elements that trigger such actions, occasions, or outcomes to vary materially from these anticipated. There may be no assurance that forward-looking statements will show to be correct and accordingly readers are cautioned to not place undue reliance on forward-looking statements. Ahead-looking info on this information launch could embrace statements in regards to the completion of the Mortgage, the phrases of the Mortgage, using proceeds from the Mortgage, and statements relating to administration’s expectations on the Firm’s future efficiency amongst different statements.
The statements on this press launch are made as of the date of this launch. Neither the CSE nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this launch.
