Xigem Technologies Corporation News Releases

Xigem Technologies Announces Closing of Funding Agreement to Support its EchoDigital Business Unit

Wed, 30 Apr 2025 08:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), is pleased to announce that further to its press release dated April 1, 2025, it has now closed the transaction set out in the tripartite loan agreement (the "TLA Facility") described in that press release. The TLA Facility provides up to $500,000 in capital to support the Company's EchoDigital business unit through an arrangement that provides funding to...

Xigem Technologies Secures Funding to Support its EchoDigital Business Unit

Tue, 01 Apr 2025 08:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 1, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), is pleased to announce that on March 31, 2025, it entered into a tripartite loan agreement (the "TLA Facility") to provide up to $500,000 in capital to support its EchoDigital business unit through an arrangement that provides funding to a significant customer of the Company (as described below). The parties to the TLA Facility include: the Company, Carnance...

Xigem Technologies Announces Closing of Shares for Debt Transactions

Mon, 10 Mar 2025 17:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - March 10, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that pursuant to its previously announced shares for debt settlement on February 27, 2025, it has now closed the transaction.The Company has entered into debt settlement agreements with certain of its creditors (together, the "Creditors") to issue 11,369,000 common shares (the "Settlement Shares") to such Creditors in exchange for outstanding accounts...

Xigem Technologies Announces Intention to Issue Shares Pursuant to Debt Settlement

Thu, 27 Feb 2025 17:30:00 -0500

Toronto, Ontario--(Newsfile Corp. - February 27, 2025) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6)("Xigem" or the "Company"), announces that it intends to enter into agreements with certain of its creditors to issue an aggregate of 11,845,666 common shares (the "Settlement Shares") to such creditors in exchange for the cancellation of outstanding accounts payable in the aggregate amount of up to $355,370 (the "Shares for Debt Transaction") owing to certain creditors (the...

Xigem Technologies Announces 260% Increase in Financial Performance for the 9 months ending Q3 2024 over Q3 2023

Tue, 26 Nov 2024 08:30:00 -0500

Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), is today pleased to provide its unaudited interim financial information for the three and nine-month fiscal periods ending September 30, 2024. In its third quarter of 2024, the Company realized gross sales of $167,624 with net sales of $5,028, as compared with gross sales of $0 and net sales of $0 for its third quarter of 2023. For the nine-month period...

Xigem Technologies Announces 221% Jump in Revenue and Gross Margin and Reduction in Comprehensive Loss for the 6 months period ending Q2 2024 over Q2 2023

Fri, 23 Aug 2024 08:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 23, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), today is pleased to advise of its unaudited interim financial information for the three and six month periods ending June 30, 2024. The Company realised gross sales of $720,036 with net sales of $21,600 in its second fiscal quarter of 2024, as compared with gross sales of $0 and net sales of $0 for its second fiscal quarter of 2023. For the six month period...

Xigem Technologies Announces 58% Jump in Revenue and Gross Margin for Q1 2024 over Q1 2023

Mon, 27 May 2024 08:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 27, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), today is pleased to advise that based on unaudited interim financial information for the period January 01 to March 31, 2024, the Company realised gross sales of $694,307 with net sales of $20,830 in its first fiscal quarter of 2024, as compared with gross sales of $439,684 and net sales of $13,191 for its first fiscal quarter of 2023, representing an increase of...

Xigem Technologies Encouraged by Growth in Used Car Market: Driven by Technology

Mon, 22 Apr 2024 16:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 22, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), applauds the enduring strength of the global market for used cars and the role played by digital technologies.Given the Company's previously announced acquisition of EchoDigital, Xigem's AI powered automotive shopping platform, Xigem may be ideally positioned to benefit from the ever dynamic global used car market.According to The Brainy Insights, while the...

Xigem Technologies Announces Closing of Private Placement and Shares for Debt Transactions

Thu, 28 Mar 2024 16:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - March 28, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that pursuant to its previously announced shares for debt settlement and private placement on February 26, 2024, it has now closed both of these transactions.Debt SettlementThe Company has entered into debt settlement agreements with certain of its creditors (together, the "Creditors") to issue 3,155,000 common shares (the "Settlement Shares") to such...

Xigem Technologies Announces Plans to Issue Shares Pursuant to Debt Settlement and Private Placement

Mon, 26 Feb 2024 08:30:00 -0500

Toronto, Ontario--(Newsfile Corp. - February 26, 2024) - Xigem Technologies Corporation (CSE: XIGM) (FSE: VZ6) ("Xigem" or the "Company"), announces that it plans to enter into agreements with certain of its creditors to issue common shares (the "Settlement Shares") to such creditors in exchange for outstanding accounts payable (the "Shares for Debt Transaction") owing to certain creditors (the "Creditors") totaling $160,000. The Settlement Shares would be issued at a price of $0.05, in...