InsuraGuest Technologies (TSX.V: ISGI), today announced the issuance of a total of 4,901,625 shares of its common stock to various individuals and entities to reduce approximately C$765,607.83 of its debt, which was incurred in connection with services rendered to the company and its wholly owned subsidiary, InsuraGuest, Inc., over the past year and half. Of the shares, 2,271,127 will be issued to Douglas K. Anderson, a director of the company and its CEO, and 150,000 will be issued to an entity controlled by Logan B. Anderson, a director of the company and its CFO. Through this conversion to shares of stock, these directors intend to preserve the company’s cash in light of the current pandemic.
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About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies is an insurtech (insurance + technology) company that is disrupting the insurance landscape by utilizing its proprietary software platform to deliver digital insurance to multiple sectors. It is transforming the way insurance is delivered with the revolutionary idea that insurance should be bought, not sold. For more information, visit the company’s website at www.InsuraGuest.com.
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