LAS VEGAS, Aug. 04, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (OTCQB:DTII) (The Company), a developer of Security and Defense Technologies, announces the completion of debt restructuring and consolidation in preparations to move towards production.
On August 01, 2016, the Company closed agreements to buy-out and restructure the third convertible note holder (St. Georges of Chicago Ventures) holding an aggregate of $41,000 in convertible debt. This represents the final tranche of a proposed restructuring and consolidation of the Company’s convertible debt, which should provide increased market stability from any conversion into the market.
The Company is currently in negotiations with a prospective funding p…
Read the full article at: http://www.globenewswire.com/news-release/2016/08/04/861760/0/en/Defense-Technologies-Finalizes-Debt-Consolidation-and-Provides-an-Update-on-Production-Funding.html