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     109  0 Kommentare Asia Green Biotechnology Corp. Announces Agreement to Acquire Burton Growers Ltd. and Green Sight Agri-Holdings Ltd. - Seite 2

    Debt Conversion

    From the Financing proceeds, Asia Green shall pay $150,000 to its non-arms length debt holders currently owed approximately $350,000, with the remainder of such being converted to common shares of the Company on the same terms as the Financing. This will result in the issuance of approximately 4,000,000 common shares.

    Capitalization

    As of the date hereof, Asia Green has 36,247,100 common shares issued and outstanding. It is anticipated that after closing of the Transaction, management will move to affect a share consolidation of Asia Green common shares on a 2:1 basis
    (the "Consolidation").

    The anticipated capital structure of the Company after closing of the Transaction will be approximately as follows:

    Minimum Financing ($500,000)

    Maximum Financing ($1,500,000)

    Currently owned by Asia Green Shareholders

    36,247,100 (13.7%)

    36,247,100 (11.9%)

    Shares to be issued pursuant to the LOI

    200,000,000 (75.7%)

    200,000,000 (65.7%)

    After roll back shares outstanding

    118,123,550

    118,123,550

    Shares to be issued under the Financing

    10,000,000 (7.6%)

    30,000,000 (19.7%)

    Shares to be issued for debt conversion

    4,000,000 (3%)

    4,000,000 (2.6%)

    Total forecast shares (basic)(1)

    132,123,550

    152,123,550

    (1) Does not include any potential conversion of the currently outstanding Asia Green options.

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    Asia Green Biotechnology Corp. Announces Agreement to Acquire Burton Growers Ltd. and Green Sight Agri-Holdings Ltd. - Seite 2 CALGARY, AB / ACCESSWIRE / February 21, 2024 / ASIA GREEN BIOTECHNOLOGY CORP. (CSE:ASIA) ("Asia Green" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent ("LOI") to acquire all of the issued and …