SWMBRD Sports Inc (CSE:SWIM) announced it intends to enter into agreements with certain company insiders to settle an aggregate debt amount of $97,200 related to services performed for the company. It will issue an aggregate of 3,240,000 units at $0.03 each, with each settlement unit consisting of one common share and one purchase warrant exercisable at $0.075 for two years from closing.
The company also announced amended terms to its previously announced private placement, saying the Canadian Securities Exchange has approved amending the price of the units from $0.03 to $0.015 per unit.