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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].
AlphaGen Announces Proposed Debt Settlement
Globenewswire· 2025-07-03 23:46
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]
A.I.S. Resources Closes Shares for Debt Transaction
Globenewswire· 2025-06-18 11:00
Core Viewpoint - A.I.S. Resources Limited has settled $380,927.75 of debt through the issuance of 7,618,555 common shares at a deemed price of $0.05 per share, aimed at improving its financial position by reducing existing liabilities [1][2]. Financial Transactions - The Shares for Debt Transaction involved the issuance of 6,429,480 shares to non-arms length parties in settlement of $321,474 [3]. - The related party transactions are exempt from minority approval and formal valuation requirements under Multilateral Instrument 61-101 due to the transaction's structure and the total consideration not exceeding $2,500,000 [3]. Company Overview - A.I.S. Resources Limited is publicly traded on the TSX Venture Exchange, focusing on natural resource opportunities and aiming to unlock value through early-stage project acquisitions and development support [4].
Panther Minerals Closes Debt Settlement
Thenewswire· 2025-06-07 00:30
Core Viewpoint - Panther Minerals Inc. has successfully completed a debt settlement agreement to address outstanding debts totaling CAD $14,785.71, enhancing its cash position for working capital purposes [1][2]. Group 1: Debt Settlement Details - The company issued 924,106 common shares at a deemed price of CAD $0.016 per share as part of the debt settlement [1]. - The shares issued are subject to a hold period of four months and one day, in accordance with National Instrument 45-105 – Prospectus Exemptions [1]. Group 2: Company Overview - Panther Minerals is engaged in mineral exploration, focusing on its North American project portfolio [3]. - The acquisition of the Boulder Creek option demonstrates the company's commitment to pursuing advanced and high-quality uranium projects that can be efficiently explored [3].
Pan American Energy Closes Debt Settlement Transactions
Globenewswire· 2025-06-06 21:57
Company Overview - Pan American Energy Corp. is an exploration stage company focused on the acquisition, exploration, and development of mineral properties containing battery metals in North America [3]. Debt Settlement Transactions - The company has issued 205,841 common shares at a deemed value of $0.20 per share, totaling $441,168.50 in settlement of accrued and outstanding debt to certain creditors [1]. - All securities issued are subject to a statutory hold period expiring on October 7, 2025, in accordance with Canadian securities legislation [2]. Project Acquisition - The company has executed an option agreement with Magabra Resources to acquire a 75% interest in the Big Mack Lithium Project, located 80 km north of Kenora, Ontario, with the potential to earn an additional 15% interest for a total of 90% [4].
Panther Minerals Announces CEO Transition and Debt Settlement
Thenewswire· 2025-05-31 03:00
Management Changes - Mr. Robert Birmingham has stepped down as Chief Executive Officer of Panther Minerals Inc., effective immediately [1] - Mr. Birmingham has been appointed as an independent director on the board, effective immediately [2] - The company has initiated a search for a new Chief Executive Officer and will provide updates as the process progresses [3] Debt Settlement - Panther Minerals has entered into a debt settlement agreement to settle outstanding debts totaling $14,785.71 with an arms-length creditor [4] - The company will issue 924,106 shares at a deemed price of $0.016 per share as part of the debt settlement [4] - The shares issued will be subject to a hold period of four months and one day [4] Financial Strategy - The board of directors believes completing the debt settlement is in the best interests of the company to preserve cash for working capital [5] Company Overview - Panther Minerals is a mineral exploration company focused on its North American project portfolio, particularly in high-quality uranium projects [6]