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VANCOUVER, BC, Feb. 18, 2025 /CNW/ -- BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) ("BioVaxys" or "Company") announces that it has entered into debt settlement agreements with arm's-length consultants of the Company (the "Consultants") to settle an aggregate of $207,656.50 in debt owed to the Consultants by issuing 4,153,130 common shares in the capital of the Company (each, a "Share") at a deemed value of $0.05 per Share (the "Debt Settlement"). The board of directors of the Company has determined that it is in the best interests of the Company to settle the outstanding debt through the issuance of Shares in order to preserve the Company's cash for working capital purposes.
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