Inventory Development Capital Inc. (CSE: PUMP) (FSE: P0G) (PTC Pink: STOCF) (the “Firm” or “Inventory Development”) proclaims 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 help the Borrower’s strategic initiatives and enterprise operations.
The Mortgage: (i) accrues curiosity on the mortgage quantity at a price equal to 10% every year; (ii) matures on June 30, 2026 (the “Maturity Date”); and (iii) is secured by first-priority safety curiosity on the non-public property of the Borrower, pursuant to a normal safety settlement.
In reference to the Mortgage, the Borrower agreed to subject 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 precise to elect to transform all or a part of the Mortgage, along with any accrued curiosity and together with the complete Royalty entitlement, into fully-paid and non-assessable widespread shares of eGod, which if exercised by the Firm could end result 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 help to eGod Digital Labs and sit up for fostering the expansion and success of their operations,” mentioned Anthony Durkacz, Chief Government 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 sturdy protections like anti-dilution warrants and royalty funds.”
About eGOD Digital Labs
eGOD Digital Labs is concentrated on turning into a pacesetter 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 help the long-term progress and potential of Dogecoin and Litecoin. For extra data 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 concentrate on investing in personal and public entities with sturdy mental property, distinctive administration and excessive progress potential which may 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 Observe Relating to Ahead-Wanting Statements
This information launch incorporates “forward-looking statements” inside the that means of relevant securities legal guidelines. Ahead-looking statements are based mostly on the opinions, assumptions, components and estimates of administration thought-about affordable on the date the statements are made. The opinions, assumptions, components and estimates which can show to be incorrect.
Ahead-looking statements contain recognized and unknown dangers, uncertainties and different components 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 data. Such dangers and different components embody, amongst others: normal financial, market, or enterprise circumstances; uninsured dangers; regulatory modifications; and different dangers detailed herein and now and again within the filings made by the Firm with securities regulators. Though the Firm has tried to determine essential components that would trigger precise actions, occasions, or outcomes to vary from these described in forward-looking statements, there could also be different components that trigger such actions, occasions, or outcomes to vary materially from these anticipated. There might 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 data on this information launch could embody statements concerning the completion of the Mortgage, the phrases of the Mortgage, the usage of 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 Companies Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this launch.
