Deveron Announces Completion of Debt Settlement

Source: Green Stock News

Toronto, Ontario--(Newsfile Corp. - June 21, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased announce that, further to its press releases of May 10th, 2022, May 18th, 2022 and May 28, 2024, it has settled an aggregate of $701,050 of indebtedness owed to the holders of the 7.0% unsecured convertible debentures (each, a "Debenture"), representing the accrued interest for the second year of the Debentures (the "Debt Settlement"). In connection with the Debt Settlement, the Company issued an aggregate of 6,146,341 common shares (each, a "Common Share") in the capital of the Company, at a price of $0.11406 per Common Share. All securities issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. Our team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide, and other farm inputs. Additionally, we have a national network of data technicians that are deployed to collect various types of farm data, from soil to drones, that build a basis of our best-in-class data layers. Our focus is the US and Canada where 1 billion acres of farmland are actively farmed annually.