Eguana Announces ITOCHU’s Conversion of Approximately $1.164 Million of Interest into Common Shares

CALGARY, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. ("Eguana" or the "Company") (TSXV: EGT) (OTCQB:EGTYF) is pleased to announce that ITOCHU Corporation (“ITOCHU”), a strategic investor in the Company, and Eguana have agreed to convert $1,164,493.14 of interest owing under the Company’s 7% unsecured convertible debenture (“Convertible Debenture”) into 13,580,094 common shares of Eguana (“Common Shares”) in full satisfaction of the interest payment due on September 1, 2023 (the ”Payment”).

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