EQ Inc. Announces Repayment of Non-Convertible Secured Promissory Notes and Exercise of Bonus Warrants

Jan 20, 2021

TORONTO, ON / ACCESSWIRE / January 19, 2021 / EQ Inc.(TSX-V:EQ) (the "Corporation") a leader in geospatial data and artificial intelligence driven software, is pleased to announce that it has repaid in full the original principal amount of $1,716,654, and any accrued and unpaid interest on this amount, of non-convertible secured promissory notes issued on August 19, 2019 (the "Promissory Notes") to certain arm's length and non-arm's length lenders. The Promissory Notes accrued interest at 12% per annum and matured 17 months from the date of issue. Upon repayment, the Corporation will have no remaining debt.

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