Debt Settlement

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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]
New Wave Announces Shares for Debt Settlements
Globenewswire· 2025-05-12 11:00
All Common Shares issued in connection with the Debt Settlement are subject to a statutory four month hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. Closing of the Issuance is subject to certain conditions including the receipt of all necessary regulatory approvals including the approval of the CSE. ABOUT NEW WAVE HOLDINGS CORP. New Wave Holdings Corp. (CSE: NWAI, FWB: 0XM0, OTCPK: TRMNF) is an investment issuer that has been focused on suppor ...