Reflex Advanced Announces Securities for Debt Settlement

Core Viewpoint - Reflex Advanced Materials Corp. has entered into debt settlement agreements totaling $420,000 through the issuance of 2,800,000 units at a price of $0.15 per unit, which includes common shares and warrants [2][3]. Debt Settlement Agreements - The company will settle debts amounting to $420,000 by issuing 2,800,000 units, each consisting of one common share and one share purchase warrant [2]. - Each warrant can be converted into one share at a price of $0.20 for a period of two years [2]. Related Party Transaction - One of the agreements is classified as a "related party transaction" as it involves a company owned by an officer of Reflex [3]. - The company is relying on exemptions from certain requirements under Multilateral Instrument 61-101, as the fair market value of the transaction does not exceed 25% of the company's market capitalization [3]. Regulatory Approval - The agreements and the issuance of securities are subject to approval from the Canadian Securities Exchange (CSE) [4]. - The securities will be subject to a hold period of four months and one day in accordance with applicable securities laws [4]. Company Overview - Reflex Advanced Materials Corp. is a mineral exploration company based in British Columbia, focused on developing economic mineral properties in strategic metals and advanced materials [5]. - The company aims to enhance domestic specialty mineral infrastructure to meet the increasing demand from North American manufacturers [5].