Calgary, Alberta–(Newsfile Corp. – November 8, 2022) – NurExone Biologic Inc. (TSXV: NRX) (FSE: J90) (formerly, EnerSpar Corp. or “EnerSpar”) (the “Company” or “NurExone”), a biopharmaceutical company developing biologically-guided exosome therapy for patients with traumatic spine injuries, is announcing today that it has completed its securities for debt settlements, previously announced by the Company on September 1, 2022 and September 19, 2022.
The Company agreed to settle debts in the aggregate amount of CAD$136,155.83 with the issuance of 170,195 common shares of the Company at a deemed price of CAD$0.80 per share (including the issuance of 117,033 by James (Jay) Richardson, a director of the Company). The Company also agreed to settle additional debts in the aggregate amount of CAD$75,000 with the issuance of 178,571 common shares of the Company at a deemed price of CAD$0.42 per share.