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Adamant Holding Announces Early Conversion of Convertible Debentures at $0.35 Per Common Share, Eliminating all Long-Term Debt

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Vancouver, British Columbia–(Newsfile Corp. – January 18, 2023) – Adamant Holding Inc. (CSE: ADMT) (FSE: U060) (OTC Pink: UCCPF) (“ADMT” or the “Company”) announces early conversion of 6 convertible debentures. This in part of a previous conversion ((C$288,750) press release announced November 17th) brings the total of C$320,250 converting to C$0.35 and eliminates all long-term debt off the company’s balance sheet. These fillings can be accessed from the SEDAR website.

The Company today announced that it will be giving notice to holders of its 6 convertible secured debentures representing a subscription price of C$5,250 each due September 2, 2024 (the “Convertible Debentures”) that such Convertible Debentures will be converted into common shares of Adamant (“Shares”) on or about January 20, 2023 (the “Conversion Date”). The principal amount of $Cdn 31,500 will be converted in 90,000 common shares at $Cdn 0,35.

This shows an important confidence from one of our shareholder in the company development and its future strategy plan.

“Dear shareholders,

We continue to build the overall strategy of Adamant, to grow our company into a global fintech & telecom player. With strong support from some of our key investors, today marks a day where we officially eliminate all our long term debt at a conversion price of C$0.35, which represents a premium of ~900% based on our last close share price. Our vision is to become a leading company, and with a positive change to our balance sheet, we plan on delivering significant shareholder value in 2023. We have multiple acquisitions in the mix which will bolster our revenue growth while planning the official launch of UpOne (Multiplatform app that will include Upco Messenger and Upco Pay) where our current 300,000 users will be able to call, message, create an e-wallet, link banking information, make group payments, and make fund transfers.

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The overall market conditions have impacted the share price significantly, but the underlying value of Adamant has only got stronger. Over the course of 2023, Adamant will be announcing to the market significant moves which will drive the share price accordingly. In the meantime, all of us at Adamant will continue to work hard to deliver the outstanding results shareholders have come to expect from us. I remain confident that the best is yet to come and view the subject early conversion announced today as an important vote of confidence from a major investor who also believes that the best is yet to come.” said Andrea Pagani, Chief Executive Officer of Adamant.

Andrea Pagani, Adamant CEO
[email protected]
Telephone: +39 334 661 8604

About ADAMANT

ADAMANT Global Holding is the owner of Oktacom Inc, a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business, and Brilliance ltd, a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce; it has designed a software application for Apple iOS and Android, like SKYPE and WhatsApp.

Website: www.adamantglobal.com
Twitter: @adamantglobal
LinkedIN: Adamant-Global

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151722

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Blockchain

Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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Blockchain

Libfx.com Announces Vision to Build a World-Class Financial Platform

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