Kuuhubb Announces Issuance of 246,134 Common Shares to Settle Amounts Due and Resignation of Mr. Arnold Kondrat
TORONTO, March 25, 2019 (GLOBE NEWSWIRE) -- Kuuhubb Inc. ("Kuuhubb" or the "Company") (TSX-V: KUU), a mobile game development, and publishing company, targeting a female audience with bespoke mobile experiences, announces that, further to the settlement agreement which was announced by the Company on February 27, 2019, the Company issued on March 11, 2019 a total of 246,134 common shares at a price per share of $0.375 to Messrs. Maurice Colson and Geoffrey Farr to settle an outstanding debt of $92,300 in aggregate in director fees and other salary owed by the Company to Messrs. Colson and Farr. The common shares issued are subject to a four-month statutory hold period, which expires in July 12, 2019.
The Company also announces that Mr. Arnold Kondrat resigned from the board of directors of the Company, effective as of March 25, 2019.
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications for the female audience. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Jouni Keränen – CEO
Office: +358 40 590 0919
Office: +1 (416) 479-9547