Xigem Technologies Announces Closing of Funding Agreement to Support its EchoDigital Business Unit
Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), is pleased to announce that further to its press release dated April 1, 2025, it has now closed the transaction set out in the tripartite loan agreement (the "TLA Facility") described in that press release. The TLA Facility provides up to $500,000 in capital to support the Company's EchoDigital business unit through an arrangement that provides funding to Carnance Inc....
2025-04-30 8:00 AM EDT
Xigem Technologies Secures Funding to Support its EchoDigital Business Unit
Toronto, Ontario--(Newsfile Corp. - April 1, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), is pleased to announce that on March 31, 2025, it entered into a tripartite loan agreement (the "TLA Facility") to provide up to $500,000 in capital to support its EchoDigital business unit through an arrangement that provides funding to a significant customer of the Company (as described below). The parties to the TLA Facility include: the Company, Carnance Inc....
2025-04-01 8:30 AM EDT
Xigem Technologies Announces Closing of Shares for Debt Transactions
Toronto, Ontario--(Newsfile Corp. - March 10, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that pursuant to its previously announced shares for debt settlement on February 27, 2025, it has now closed the transaction.The Company has entered into debt settlement agreements with certain of its creditors (together, the "Creditors") to issue 11,369,000 common shares (the "Settlement Shares") to such Creditors in exchange for outstanding accounts payable totaling $341,070 (the "Shares for Debt Transaction") owing...
2025-03-10 5:00 PM EDT
Xigem Technologies Announces Intention to Issue Shares Pursuant to Debt Settlement
Toronto, Ontario--(Newsfile Corp. - February 27, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6)("Xigem" or the "Company"), announces that it intends to enter into agreements with certain of its creditors to issue an aggregate of 11,845,666 common shares (the "Settlement Shares") to such creditors in exchange for the cancellation of outstanding accounts payable in the aggregate amount of up to $355,370 (the "Shares for Debt Transaction") owing to certain creditors (the "Creditors"). The Settlement Shares are expected to be...
2025-02-27 5:30 PM EST
Xigem Technologies Announces 260% Increase in Financial Performance for the 9 months ending Q3 2024 over Q3 2023
Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), is today pleased to provide its unaudited interim financial information for the three and nine-month fiscal periods ending September 30, 2024. In its third quarter of 2024, the Company realized gross sales of $167,624 with net sales of $5,028, as compared with gross sales of $0 and net sales of $0 for its third quarter of 2023. For the nine-month...
2024-11-26 8:30 AM EST
Xigem Technologies Announces 221% Jump in Revenue and Gross Margin and Reduction in Comprehensive Loss for the 6 months period ending Q2 2024 over Q2 2023
Toronto, Ontario--(Newsfile Corp. - August 23, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), today is pleased to advise of its unaudited interim financial information for the three and six month periods ending June 30, 2024. The Company realised gross sales of $720,036 with net sales of $21,600 in its second fiscal quarter of 2024, as compared with gross sales of $0 and net sales of $0 for its second fiscal quarter of 2023. ...
2024-08-23 8:00 AM EDT
Xigem Technologies Announces 58% Jump in Revenue and Gross Margin for Q1 2024 over Q1 2023
Toronto, Ontario--(Newsfile Corp. - May 27, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), today is pleased to advise that based on unaudited interim financial information for the period January 01 to March 31, 2024, the Company realised gross sales of $694,307 with net sales of $20,830 in its first fiscal quarter of 2024, as compared with gross sales of $439,684 and net sales of $13,191 for its first fiscal quarter of 2023, representing an...
2024-05-27 8:30 AM EDT
Xigem Technologies Encouraged by Growth in Used Car Market: Driven by Technology
Toronto, Ontario--(Newsfile Corp. - April 22, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), applauds the enduring strength of the global market for used cars and the role played by digital technologies.Given the Company's previously announced acquisition of EchoDigital, Xigem's AI powered automotive shopping platform, Xigem may be ideally positioned to benefit from the ever dynamic global used car market.According to The Brainy Insights, while the global market for used cars was valued at approximately...
2024-04-22 4:30 PM EDT
Xigem Technologies Announces Closing of Private Placement and Shares for Debt Transactions
Toronto, Ontario--(Newsfile Corp. - March 28, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that pursuant to its previously announced shares for debt settlement and private placement on February 26, 2024, it has now closed both of these transactions.Debt SettlementThe Company has entered into debt settlement agreements with certain of its creditors (together, the "Creditors") to issue 3,155,000 common shares (the "Settlement Shares") to such Creditors in exchange for outstanding accounts payable totaling $157,750...
2024-03-28 4:30 PM EDT
Xigem Technologies Announces Plans to Issue Shares Pursuant to Debt Settlement and Private Placement
Toronto, Ontario--(Newsfile Corp. - February 26, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that it plans to enter into agreements with certain of its creditors to issue common shares (the "Settlement Shares") to such creditors in exchange for outstanding accounts payable (the "Shares for Debt Transaction") owing to certain creditors (the "Creditors") totaling $160,000. The Settlement Shares would be issued at a price of $0.05, in accordance with the policies of the...
2024-02-26 8:30 AM EST
Xigem Technologies Announces Closing of Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - October 20, 2023) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that pursuant to its previously announced shares for debt settlement of October 13, 2023, it has entered into debt settlement agreements with certain of its creditors (together, the "Creditors") to issue 17,402,120 common shares (the "Settlement Shares") to such Creditors in exchange for outstanding accounts payable totaling $522,063.60 (the "Shares for Debt Transaction") owing to the Creditors. The Settlement Shares...
2023-10-20 4:00 PM EDT
Xigem Technologies Announces Intention to Issue Shares Pursuant to Debt Settlement and Private Placement
Toronto, Ontario--(Newsfile Corp. - October 13, 2023) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that it intends to enter into agreements with certain of its creditors to issue common shares (the "Settlement Shares") to such creditors in exchange for outstanding accounts payable (the "Shares for Debt Transaction") owing to certain creditors (the "Creditors"). The Settlement Shares will be issued at a price of $0.03, in accordance with the policies of the Canadian Securities Exchange (the...
2023-10-13 4:00 PM EDT
Xigem Technologies Provides Update and Guidance for Fiscal 2023
Toronto, Ontario--(Newsfile Corp. - August 21, 2023) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), today wishes to provide an update on its acquisition of EchoDigital, a SaaS-fueled AI automobile shopping and delivery platform as previously announced on March 08, 2023 (the "Acquisition"); and to provide guidance for the balance of the Company's fiscal 2023 period.As previously disclosed on May 4, 2023 and May 30, 2023, subsequent to the Acquisition, and in accordance with the royalty and...
2023-08-21 7:15 AM EDT
Xigem Technologies Announces Completion of Acquisition of AI Powered Automotive Shopping Platform EchoDigital
Toronto, Ontario--(Newsfile Corp. - March 8, 2023) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has closed the previously announced acquisition of EAFdigital Inc. ("EchoDigital"), an artificial intelligence ("AI") driven, SaaS-fueled automobile shopping and delivery platform for the $1.5 trillion global used automobile market.1 The Company purchased substantially all of the assets of EchoDigital from EAF Group of Companies ("EAF GROUP" or the "Vendor")...
2023-03-08 7:15 AM EST
Xigem Technologies Signs Definitive Agreement to Acquire AI Powered Automotive Shopping Platform EchoDigital
Toronto, Ontario--(Newsfile Corp. - February 27, 2023) - Xigem Technologies Corporation (CSE: XIGM) (FSE:VZ6) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has signed an Asset Purchase Agreement dated February 24, 2023 (the "APA"), with EAF Group of Companies ("EAF GROUP" or the "Vendor") to purchase substantially all of the assets of EAFdigital Inc. ("EchoDigital"), an artificial intelligence ("AI") driven, SaaS fueled automobile shopping and delivery platform for the $1.5 trillion global used...
2023-02-27 7:15 AM EST
Xigem Technologies Announces Grant of Stock Options
Toronto, Ontario--(Newsfile Corp. - January 5, 2023) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has granted 1,820,000 incentive stock options (the "Options") pursuant to its Stock Option Plan. Each Option entitles the holder to purchase one common share of the Company at an exercise price of $0.09 for a period of five years from the date of grant and will vest immediately....
2023-01-05 11:31 AM EST
Xigem Technologies Announces Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - November 29, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that it has entered into debt settlement agreements with three arm's length creditors whereby the Company will settle outstanding payables totalling $361,229 through the issuance of 4,515,363 common shares of the Company (each a "Share") at a deemed price of $0.08 per Share (the "Debt Settlement").Save except for 353,125 Shares which...
2022-11-29 3:01 PM EST
Xigem Technologies Announces Binding Letter of Intent to Acquire Automotive Shopping and Delivery Platform EAFdigital
Toronto, Ontario--(Newsfile Corp. - November 24, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has entered into a binding letter of intent (the "LOI") on November 23, 2022 to purchase substantially all of the assets of EAFdigital Inc. ("EAFdigital"), an online SaaS-based artificial intelligence-driven automobile shopping and delivery platform (the "Transaction"). EAFdigital is a fintech-focused solution provider that integrates a wide range...
2022-11-24 8:30 AM EST
Xigem Technologies Announces Cancellation of Stock Options
Toronto, Ontario--(Newsfile Corp. - July 27, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has cancelled 1,225,000 incentive stock options (the "Options") pursuant to its Stock Option Plan. The Options had been granted between January and April 2022 to several of the Company's directors, officers, consultants and advisory board members.About Xigem Technologies CorporationEstablished in Toronto, Ontario, Xigem is positioned to become a leading...
2022-07-27 5:00 PM EDT
Xigem Technologies Announces Share Consolidation
Toronto, Ontario--(Newsfile Corp. - July 15, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced it is proceeding with a consolidation of its issued and outstanding share capital on the basis of one (1) new common share for every ten (10) outstanding common shares (the "Consolidation").The Company currently has 153,168,214 common shares (the "Shares") issued and outstanding. Following the Consolidation, the Company will have approximately 15,316,821 Shares issued...
2022-07-15 5:00 PM EDT