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Revive Therapeutics Announces Proposed Private Placement and Debt Settlement
GlobeNewswire News Room· 2025-07-31 00:21
Core Viewpoint - Revive Therapeutics Ltd. is proposing a private placement offering of up to 30,952,381 units at a price of $0.021 per unit, aiming for gross proceeds of up to $650,000, while also settling a note payable of $67,400 through the issuance of additional units at the same price [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of one common share at an exercise price of $0.05 for 36 months post-closing [2]. - The gross proceeds from the offering will be allocated for working capital and settling certain trade payables, with the potential for the placement to close in multiple tranches [3]. Group 2: Closing Conditions and Securities - The closing of the private placement and debt settlement is subject to customary closing conditions, with the company intending to close as soon as practicable [4]. - All securities issued will be subject to a hold period of four months and one day from the issuance date [4]. Group 3: Company Overview - Revive Therapeutics is focused on developing innovative therapeutics for critical medical needs, prioritizing its drug development pipeline to leverage FDA regulatory incentives for rapid advancement and market entry [5]. - Current efforts are concentrated on the potential of Bucillamine for infectious diseases and medical countermeasures, alongside advancing Psilocybin and molecular hydrogen therapeutic programs [5].
Germanium Mining Corp. Closes Non-Brokered Private Placement and Debt Settlement
Thenewswire· 2025-07-29 21:50
Core Viewpoint - Germanium Mining Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $175,000 through the issuance of 1,750,000 units at a price of $0.10 per unit, which includes common shares and warrants [1] Group 1: Private Placement Details - Each unit in the private placement consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.12 for 24 months [1] - The company has settled $424,753 in accounts payable through the issuance of 4,247,533 common shares at $0.10 per share [1] Group 2: Regulatory Compliance - The company relied on an exception from the requirement to obtain shareholder approval for issuing more than 100% of its issued share capital on a fully diluted basis due to financial hardship and other conditions [2] - Independent Directors of the company determined that the offering is in the best interests of the company and that obtaining shareholder approval was not feasible [2] Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated towards exploration activities and general corporate purposes, including arm's length payables [3] - All securities issued will be subject to a statutory hold period of four months and one day as required under applicable securities legislation [3]
Trillion Energy Announces Extension to Expiry Date of Debenture Indenture and Completion of Shares for Debt Settlement
Newsfile· 2025-07-29 13:00
Group 1: Debenture Extension - Trillion Energy International Inc has announced an extension of the maturity date for its 12.0% convertible debentures from July 31, 2025, to October 31, 2025, following consent from holders representing at least 66-2/3% of the principal amount [1] - The convertible debentures, with an aggregate principal amount of $15,000,000, will continue to bear interest at a rate of 12% per annum from August 1, 2025, to October 31, 2025, payable in cash [1] Group 2: Debt Settlement - The company has issued 7,725,908 common shares at $0.05 per share to settle $386,295.42 in debt owed to directors, officers, and consultants [2] - The common shares issued in the debt settlement are subject to a hold period expiring on November 22, 2025 [2] Group 3: Insider Settlement - An aggregate of 3,900,000 common shares were issued for management services from directors and officers, classified as a related-party transaction [3] - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of insider participation not exceeding 25% of the company's market capitalization [3] Group 4: Company Overview - Trillion Energy International Inc focuses on oil and natural gas production in Europe and Türkiye, holding a 49% interest in the SASB natural gas field and a 19.6% interest in the Cendere oil field [4]
Bolt Metals Announces Debt Settlements
Thenewswire· 2025-07-26 01:00
Core Viewpoint - Bolt Metals Corp. has entered into debt settlement agreements to resolve outstanding debts totaling CAD $117,535 by issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share, aiming to preserve cash for working capital [1][2]. Group 1: Debt Settlement Details - The total outstanding debt being settled is CAD $117,535 [1]. - The company will issue 11,753,500 common shares at a price of CAD $0.01 per share as part of the settlement [1]. - All shares issued will be subject to a hold period of four months and one day [1]. Group 2: Company Strategy - The board of directors believes that completing the debt settlement is in the best interests of the company to preserve cash for working capital [2]. - The company focuses on the development of quality precious and base metal properties with high-upside and expansion potential [4]. Group 3: Company Overview - Bolt Metals Corp. is based in Vancouver, BC, and is involved in mineral acquisition and exploration [4]. - The company has strategic properties including Soap Gulch, a copper SEDEX project in Montana, and Switchback, a copper-silver project in British Columbia [4]. - Bolt trades on multiple exchanges, including the CSE under the symbol BOLT and the OTCQB under the symbol PCRCF [4].
Minnova Announces Completion of Debt Settlement
Newsfile· 2025-07-24 21:00
Core Viewpoint - Minnova Corp. has successfully completed a debt settlement by issuing 15,999,999 common shares at a price of $0.05 per share, settling an aggregate of $800,000 in indebtedness to certain creditors [1]. Group 1: Debt Settlement Details - The debt settlement involved the issuance of 15,999,999 common shares at a price of $0.05 per share, totaling $800,000 [1]. - All securities issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance [2]. - The debt settlement is classified as a "related party transaction," with certain insiders receiving 8,299,999 common shares [3]. Group 2: Insider Holdings - Prior to the debt settlement, Mr. Gorden Glenn held 5,270,740 common shares and 2,791,436 stock options, representing approximately 6.68% of the issued shares on an undiluted basis [4]. - After the debt settlement, Mr. Glenn's holdings increased to 13,570,739 common shares, representing approximately 14.29% of the issued shares on an undiluted basis [4]. Group 3: Company Overview - Minnova Corp. is focused on restarting its PL Gold Mine, which has a positive feasibility study indicating an average annual production rate of 46,493 ounces over a minimum five-year mine life [5]. - The PL Gold Mine project has a short pre-production timeline of 15 months and is fully road accessible, located near existing mining infrastructure in the Flin Flon Greenstone Belt of Central Manitoba [5].
Eureka Lithium Corp Announces Debt Settlements
Newsfile· 2025-07-14 10:00
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S58) ("Eureka Lithium" or "Eureka" or the "Company") pleased to announce that it has entered into debt settlement agreements with certain service providers (the "Creditors"), pursuant to which the Company has agreed to settle an aggregate amount of $99,450.00 in outstanding bona fide debt (the "First Debt Settlement"). The Company and the Creditors have agreed to settle the Debt through the ...
AlphaGen Announces Closing of Debt Settlement Transaction
GlobeNewswire News Room· 2025-07-11 00:01
Core Points - AlphaGen Intelligence Corp. has issued 2,251,326 common shares at a deemed price of $0.1463 per share to settle outstanding debts totaling $329,369.58 [1] - The shares issued are subject to a statutory hold period expiring on November 11, 2025 [2] - Eli Dusenbury, a director and CFO of the company, received 147,641 shares to settle $21,600 in outstanding debt, constituting a related party transaction [3] - The company is relying on exemptions from formal valuation and minority approval requirements as the transaction's fair market value is not more than 25% of the company's market capitalization [3] Company Overview - AlphaGen Intelligence Corp. is publicly traded and holds a portfolio of assets in gaming, entertainment, eCommerce, and retail [4] - Operational units include Shape Immersive, a metaverse studio, and MANA, a SaaS solution and innovation lab [4] - The company collaborates with notable clients and partners such as RTFKT, Olympics, Red Bull, Intel, and TED [4]
AlphaGen Announces Closing of Debt Settlement Transaction
Globenewswire· 2025-07-11 00:01
Core Viewpoint - AlphaGen Intelligence Corp. has issued 2,251,326 common shares at a price of $0.1463 per share to settle outstanding debts, including a significant amount owed to its CFO, Eli Dusenbury [1][3]. Group 1: Debt Settlement Details - The total amount settled through the issuance of shares is $329,369.58 [1]. - Eli Dusenbury received 147,641 shares to settle $21,600 in outstanding debt, qualifying this transaction as a "related party transaction" under MI 61-101 [3]. - The shares issued are subject to a statutory hold period that expires on November 11, 2025 [2]. Group 2: Company Overview - AlphaGen Intelligence Corp. operates in sectors including gaming, entertainment, eCommerce, and retail [4]. - The company has operational units such as Shape Immersive, which focuses on metaverse and web3 gaming, and MANA, a SaaS solution for community engagement [4]. - Notable clients and partners of AlphaGen include RTFKT, Olympics, Red Bull, Intel, and TED [4].
Pasinex Announces Closing of Shares for Debt Settlement
Globenewswire· 2025-07-10 11:00
Core Viewpoint - Pasinex Resources Limited has issued 28,766,306 common shares to creditors in exchange for C$2,157,473 of outstanding debt, aiming to improve its financial position by reducing liabilities [1][2]. Group 1: Shares for Debt Transaction - The Shares for Debt Transaction involves the issuance of Settlement Shares at a price of $0.075 per share, in compliance with Canadian Securities Exchange policies [1]. - All Settlement Shares will be subject to a four-month hold period from the closing date under applicable Canadian securities laws [2]. Group 2: Related Party Transaction - The issuance of Settlement Shares to certain creditors constitutes a related party transaction, as 151 Ontario is controlled by the Company's Chairman, Larry Seeley, and Joachim Rainer is a Director [3]. - The Company is relying on exemptions from valuation and minority shareholder approval requirements, as neither the fair market value of the Settlement Shares nor the Debt exceeds 25% of the Company's market capitalization [3]. Group 3: Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, owning 50% of a producing high-grade zinc mine in Türkiye and holding a 51% interest in a high-grade zinc exploration project in Nevada [4]. - The Company has recently secured an option to acquire a 100% interest in a lead-zinc operating license in Türkiye, indicating potential for near-term profitability and major zinc discoveries [4]. - Pasinex is led by a seasoned management team with extensive experience in mineral exploration and mine development, focusing on high-grade ore extraction and value creation for stakeholders [4].
Atomic Minerals Announces Share Consolidation & Debt Settlement
Newsfile· 2025-07-08 18:20
Core Viewpoint - Atomic Minerals Corporation is recommending a consolidation of its common shares at a ratio of two pre-consolidated shares for one new post-consolidated share to enhance flexibility and position the company for long-term growth [1][4]. Share Consolidation - The company currently has 58,331,591 common shares issued and outstanding, which will reduce to approximately 29,165,795 shares post-consolidation [2]. - The company's name and stock symbol will remain unchanged, but the CUSIP and ISIN numbers will be updated. Fractional shares will be rounded up or cancelled based on specific thresholds [2]. Debt Settlement - The company plans to settle up to $350,000 of outstanding debts by issuing up to 7,000,000 common shares at a price of $0.05 per share on a post-consolidated basis [3]. - After the consolidation and debt settlement, the total number of common shares is expected to be approximately 36,165,795 [3]. Company Strategy - The CEO of Atomic Minerals Corporation emphasized the importance of share consolidation in negotiating favorable terms for potential acquisitions and funding for future projects [4]. - The company is focused on exploring underappreciated regions with geological similarities to areas with previous uranium discoveries, aiming to capitalize on these opportunities [5][6].