Scryb Secures Over $1.1M in Convertible Debenture Financing, Led by Plaza Capital
Summary
Toronto, Ontario--(Newsfile Corp. - February 3, 2025) - Scryb Inc. (CSE: SCYB) (OTC Pink: SCYRF) (FSE: EIY) ("Scryb or the "Company"), announces that, further to its press release of January 5, 2025, it has successfully completed a non-brokered private placement offering of secured convertible debentures (the "Debentures") on Friday January 31, 2025, for gross proceeds of $1,175,300 (the "Offering").The Debentures bear interest at an annual rate of 12% and the outstanding principal and interest can be converted into common shares of the Company (the "Shares") at a conversion price of $0.05 per Share. Following Mr. Balds resignation, Ramanjit Saini has been appointed the Chief Financial Officer and Corporate Secretary of Scryb Inc. effective as of February 1, 2025. Over his career, he has enhanced financial processes, and driven organizational efficiencies across multiple sectors.Scryb drives the growth of technology ventures across AI, digital health, cybersecurity, biotech, and cannabis, leveraging a strategic approach to create value in high-growth sectors. The Company notably holds a significant strategic stake in Cybeats Technologies Corp., a leading cybersecurity firm.Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. The Company undertakes no obligation to update forward-looking information if circumstances or managements estimates or opinions should change except as required by law.