Digital Asset Technologies settles auditor dispute. The Vancouver-based investment firm has reached a settlement agreement with its former auditor, resolving a civil claim filed in British Columbia Supreme Court. Under the agreement, Digital Asset Technologies will pay sixty-five thousand dollars in cash through five equal installments of thirteen thousand dollars each. Additionally, the company will issue nearly two million common shares at a deemed price of two cents per share, valued at approximately thirty-eight thousand dollars. The settlement shares face a four-month statutory hold period. The agreement includes standard confidentiality provisions and contains no admission of liability from either party. The deal requires final approval from the Canadian Securities Exchange before completion.
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