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Everyday People Financial Settles C$80,000 of Outstanding Debt

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Everyday People Financial (EPF.V) settled C$80,000 of outstanding debt owed to one creditor by the company's unit, Everyday People Financial Solutions (EPFS), through the issuance of common shares of the company, it said in a statement on Tuesday.

The company issued about 128,825 common shares to the creditor at C$0.6210 apiece, in full and final settlement of the debt, pursuant to the agreement entered into by the company, EPFS, and the creditor.

The newly issued shares will be subject to a statutory hold period of four months plus one day from the date of issuance, it said.

Shares of the company were last seen up 4.4% at C$0.47 on the TSX Venture Exchange.

Price: $0.47, Change: $+0.02, Percent Change: +4.44%

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