Surna, Inc. Announces Retirement Of Shares, Settlement Of Debt – Yahoo Finance

20 hours ago Content preferences Done BOULDER, Colorado, Aug. 12, 2015 /PRNewswire/ –Surna, Inc. ( SRNA ), a technology company that engineers state-of-the art equipment for controlled environment agriculture (“CEA”) with expertise in cannabis cultivation, announced today the retirement of 21,428,023 shares of its common stock previously held by Tom Bollich, Surna’s former Chief Executive Officer, and the elimination of its outstanding debt to him. In an agreement on August 6, 2015, Bollich agreed to discharge Surna’s debt of $192,034 and he agreed to continue to abide by trading restrictions imposed on Company insiders despite no longer serving as a director or manager of the Company. The retirement of his common shares was not pursuant to any agreement with the Company. “I returned these shares and settled this debt because I continue to believe in this company; its future is bright,” stated Bollich. “Although I am no longer its CEO, I still support Surna and expect it to succeed brilliantly, so I have kept some of my original shares. I have the Company’s best interest in mind, and the retirement of a majority of my equity shows my continued support. Furthermore, I worked closely with long-term investors to dispense a minority of my shares in a private sale that I believe will bolster Surna’s shareholder base.” The retired shares represent about 17% of Surna’s issued and outstanding shares as of June 30, 2015.

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