Philadelphia, PA, July 19, 2019 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTCBB:VSBGF) is pleased to announce that it has closed a non-brokered private placement offering of convertible debenture for gross proceeds of CAD $745,500.

The Debentures bear interest at 10% per annum on an accrual basis, calculated and payable semi-annually, maturing on July 18, 2021 that is 24 months from the date of issuance on July 18, 2019.

The Debentures, together with any interest accrued but unpaid, may be convertible, in whole or in part, at any time before the Maturity Date, into units of the Company (each, a “Unit”) at $0.45 per Unit, if converted at any time before one year from the Closing Date, or otherwise convertible at $0.60 per Unit if converted after one year from the Closing Date but before the Maturity Date.