AlphaGen Announces Proposed Debt Settlement

Core Points - AlphaGen Intelligence Corp. intends to settle outstanding debts totaling $329,370 through the issuance of 2,251,330 common shares at a deemed price of $0.1463 per share [1] - The debt settlement is subject to a statutory hold period of four months and one day and requires regulatory approvals, including from the Canadian Securities Exchange [1] - The debt settlement is expected to close on or about July 10, 2025 [1] Related Party Transaction - Eli Dusenbury, a director and CFO of the company, is involved in the debt settlement, classifying it as a "related party transaction" under Multilateral Instrument 61-101 [2] - The company is relying on exemptions from formal valuation and minority approval requirements as the fair market value of the transaction related to Mr. Dusenbury does not exceed 25% of the company's market capitalization [2] Company Overview - AlphaGen Intelligence Corp. is publicly traded and holds a portfolio in gaming, entertainment, eCommerce, and retail [3] - The company operates units such as Shape Immersive, a metaverse studio, and MANA, a SaaS solution for community engagement [3] - Notable clients and partners include RTFKT, Olympics, Red Bull, Intel, and TED [3]