BURLINGTON, ON, CANADA / ACCESSWIRE / June 15, 2020 / Memex Inc. ("Memex" or the "Company") (TSXV:OEE, Financial), a leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today announced it has provided notice to the principals of G&G Private Capital ("G&G") that it has elected to settle its June 30th 2020 interest payment to them through the issuance of Common Shares of the Company (the "Shares") in accordance with the terms of the loan agreements executed in March 2019. The Company shall issue a total of 1,555,038 Shares, at a deemed price of $0.015 per share, to the principals of G&G for an aggregate interest payment of $23,326.
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