Volatus Aerospace Inc. Announces Shares-for-Debt Transaction

Core Viewpoint - Volatus Aerospace Inc. is proposing a shares-for-debt settlement to enhance shareholder value and strengthen its balance sheet, involving the settlement of $446,400 in outstanding principal and interest through the issuance of 3,720,000 units at a deemed price of $0.12 per unit [1] Group 1: Shares-for-Debt Transaction Details - The proposed transaction involves settling unsecured non-convertible debentures with an aggregate amount of $446,400 [1] - Each unit issued will consist of one common voting share and one common voting share purchase warrant, with the warrant exercisable at $0.20 per share for 36 months [1] - The transaction is subject to regulatory approvals, including that of the TSX Venture Exchange [2] Group 2: Company Overview - Volatus Aerospace is a leader in global aerial solutions, providing services to industries such as oil and gas, utilities, healthcare, and public safety [4] - The company has over 100 years of combined institutional knowledge in aviation and aims to enhance operational efficiency, safety, and sustainability [4]