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Cybeats and Scryb Announce Closing of Shares for Debt Transaction
TMX Newsfile· 2026-01-09 12:00
Toronto, Ontario--(Newsfile Corp. - January 9, 2026) - Cybeats Technologies Corp. (CSE: CYBT) ("Cybeats") and Scryb Inc. (CSE: SCYB) ("Scryb") (collectively, the "Companies") are pleased to announce the closing of the debt settlement transaction previously announced on December 31, 2025 (the "Debt Settlement").Under the Debt Settlement, Cybeats has settled $1,200,000 owing under a secured debenture held by Scryb through the issuance of 10,000,000 common shares of Cybeats (the "Common Shares") at a deemed p ...
Bitcoin Well Announces Shares For Debt Settlement, Closing Of Private Placement, Stock Option Grant And Early Warning Disclosure
Thenewswire· 2026-01-01 12:30
Core Viewpoint - Bitcoin Well Inc. announces a shares-for-debt settlement, the grant of stock options, and related early warning disclosure, aiming to enhance its financial position and support its mission to enable independence through bitcoin [1]. Debt Settlement - The company will settle C$291,095 of accrued interest obligations by issuing common shares [2]. - As of January 2, 2026, the company has a total debt of C$210,495 related to certain use of bitcoin agreements and a convertible debenture agreement, with C$96,683 settled by issuing 920,788 shares at C$0.105 per share and C$113,813 settled by issuing 1,354,916 shares at C$0.084 per share [3]. - The company also has C$80,600 in convertible debenture interest debt, which will be settled by issuing 739,449 shares at C$0.109 per share [4]. - Additionally, the company has C$62,905.50 in sponsorship agreement debt, settled by issuing 698,950 shares at C$0.09 per share [5]. - The overall debt settlement is subject to approval from the TSX Venture Exchange [6]. Private Placement - The company has closed its private placement offering, raising approximately C$12,492,081.22 from the sale of 122,471,380 units, including C$6,618,460 in cash and 37.31 Bitcoin valued at approximately C$5,873,621.11 [8][9]. Grant of Stock Options - The company granted stock options to purchase up to 8,292,500 shares at an exercise price of C$0.105 per share, with a vesting schedule over three years and a term of five years [10]. Related Party Transactions - Participation by certain directors and officers in the debt settlement and option grant constitutes related party transactions, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [11]. Early Warning Disclosure - Adam O'Brien, the CEO, acquired 1,800,000 options, maintaining approximately 23.88% of the issued shares on a non-diluted basis and increasing to approximately 25.43% on a partially diluted basis following the option grant [12].
Cybeats and Scryb Announce Debt Settlement Agreement
TMX Newsfile· 2025-12-31 12:00
Toronto, Ontario--(Newsfile Corp. - December 31, 2025) - Cybeats Technologies Corp. (CSE: CYBT) ("Cybeats") and Scryb Inc. (CSE: SCYB) ("Scryb") (collectively, the "Companies") announce that they have entered into a debt settlement agreement dated December 30, 2025, to settle a secured debenture owing by Cybeats to Scryb in the amount of $1,200,000 through the issuance of 10,000,000 common shares of Cybeats (the "Common Shares") at a deemed price of $0.12 per Common Share (the "Debt Settlement"). Cybeats i ...
Hampton Agrees to Issue Shares for Debt
Globenewswire· 2025-12-24 17:58
Group 1 - Hampton Financial Corporation has reached agreements to settle obligations under debentures totaling $4 million and a quarterly interest payment of $5.2 million by issuing subordinate voting shares at a deemed price of $0.40 per share [1] - The debt settlement transactions are expected to close on or before December 31, 2025, resulting in the issuance of 10,528,141 subordinate voting shares to debenture holders [1] - This measure aims to strengthen the company's balance sheet and reduce the cash cost of funding operations, with a meaningful impact anticipated on 2026 results [1] Group 2 - Hampton is a private equity firm focused on building shareholder value through long-term strategic investments [2] - The company, through its subsidiary Hampton Securities Limited, is engaged in family office, wealth management, institutional services, and capital markets activities, providing a full range of investment banking services [3] - Hampton Securities Limited is regulated by CIRO and operates in multiple Canadian provinces, assisting companies with capital raising, mergers and acquisitions, and listings on recognized securities exchanges [3] Group 3 - Through its subsidiary Oxygen Working Capital, the company offers factoring and commercial financing services across Canada [4] - Hampton is exploring opportunities to diversify revenue sources through strategic investments in complementary and non-core sectors [4]
Visionary Copper and Gold Mines Inc. Closes Final Tranche of Private Placement Financing
Globenewswire· 2025-12-19 13:30
VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Visionary Copper and Gold Mines Inc. (the “Company” or “Visionary”) (TSXV: VCG) (OTCQX: VCGMF) is pleased to announce it has closed the second and final tranche of its previously announced non-brokered private placement (see news releases dated October 22, 2025 and December 9, 2025) by issuing 1,333,334 charity flow-through units (“FT Units”) at $1.11 per FT Unit for gross proceeds of $1,480,000.74 and 267,176 Manitoba charity flow-through units ...
Alaska Energy Metals Announces Issuance Of Shares For Debt Settlements
Accessnewswire· 2025-12-16 03:40
Core Viewpoint - Alaska Energy Metals Corporation has issued 6,921,087 common shares at a price of $0.10 per share to settle debts totaling $599,408.70 owed to various creditors [1] Debt Settlements - The total number of Settlement Shares issued is 6,921,087, which were provided to creditors in exchange for services rendered to the company [1] - The total debt settled through this issuance amounts to $599,408.70 [1] - Among the Settlement Shares, 1,118,670 were issued to Non-Arm's Length Parties, settling debts totaling $111,867.00 [1]
Quantum BioPharma Announces Closing of Private Placement & Provides Corporate Update
Newsfile· 2025-12-11 01:00
Core Viewpoint - Quantum BioPharma Ltd. has successfully closed a non-brokered private placement, issuing 30 Class A Multiple Voting Shares at a price of $25 each, resulting in gross proceeds of $750 million [1][2]. Offering Details - The securities issued are subject to a statutory hold period of four months plus a day from issuance as per Canadian securities laws [2]. - Proceeds from the offering will be utilized for general working capital purposes [2]. Related Party Transactions - Xorax Family Trust and Fortius Research and Trading Corp., both associated with company insiders, purchased all Class A Multiple Voting Shares in the offering, qualifying as a related-party transaction under MI 61-101 [3]. - The company has relied on exemptions from formal valuation and minority shareholder approval requirements as the transaction did not exceed 25% of the company's market capitalization [3]. Corporate Update - The company has terminated its at-the-market offering agreement with H.C. Wainwright & Co., effective December 6, 2025, with the termination taking effect on December 20, 2025 [16]. - No Class B Subordinate Voting Shares have been sold under the previous sales agreement, which allowed for the sale of up to $21.225 million worth of shares [17]. Debt Settlement - Quantum BioPharma has settled $260,000 owed to an arm's length creditor by issuing 17,626 Class B Subordinate Voting Shares at a deemed price of $14.75 per share [18]. Company Overview - Quantum BioPharma focuses on developing innovative biopharmaceutical solutions for neurodegenerative and metabolic disorders, with its lead compound, Lucid-MS, aimed at preventing myelin degradation associated with multiple sclerosis [19]. - The company retains a 20.11% ownership stake in Unbuzzd Wellness Inc., which includes a royalty agreement of 7% on sales until reaching $250 million, after which the royalty will drop to 3% [19].
Galloper Gold Completes Debt Settlement
Newsfile· 2025-11-27 13:00
Core Points - Galloper Gold Corp. has issued 1,000,000 common shares at a deemed price of $0.065 per share to settle a debt of $65,000 related to past management services [1][2] - Hratch Jabrayan, the CEO and a director, was the sole creditor in this debt settlement, making it a related party transaction [2] - The shares issued are subject to a statutory hold period of four months following the debt settlement [3] Company Overview - Galloper Gold Corp. is focused on mineral exploration in the Central Newfoundland Gold Belt, with key properties including the Glover Island Property and the Mint Pond prospect [4] - The company recently completed its first diamond drilling program at Glover Island since 2012, having drilled six holes with results pending [4]
Bonk, Inc. Reports Q3 Financial Results: Emerges Debt-Free with $9 Million in Cash and 1,200% Revenue Growth
Globenewswire· 2025-11-20 13:30
Core Insights - Bonk, Inc. has completed its strategic transformation, settling legacy obligations and achieving its first-ever gross profit in the beverage segment, positioning itself for positive cash flow in the near future [1][2][5] Financial Performance - The company reported beverage sales of $1.51 million for the quarter, representing a more than 1,200% increase compared to $110,213 in the same period last year [8] - A gross profit of $543,142 was achieved, a significant turnaround from a gross loss of $(292,186) in the prior year period [8] - The company recorded $509,085 in related party income from digital assets, highlighting the financial impact of the new letsBONK.fun revenue-sharing agreement [8] Operational Developments - The beverage division is now free from the debts associated with the Yerbaé acquisition, allowing for improved profit margins as cost-streamlining measures take effect [5] - The digital asset strategy is yielding results sooner than expected, contributing to a high-margin, recurring income stream [5] Balance Sheet Strength - Bonk, Inc. has eliminated its legacy debt and holds approximately $9 million in cash as of September 30, 2025, providing a solid foundation for future growth without the need for immediate dilutive capital raises [2][8] - The company is on track to become cash flow positive as early as the fourth quarter of 2025 or the first quarter of 2026 [7]
3 Things To Do This Week If You Have Significant Debt
Yahoo Finance· 2025-11-08 14:03
One of the biggest risks with debt is that it’s easy to get into, but quickly paying it off seems next to impossible. That’s why, if you have found yourself in a cycle of owing rather than saving, it’s important to put together a plan as soon as possible. In a world where it seems the highest interest rates, lowest credit scores and all the personal loans in between are out to get you, putting your best financial foot forward is paramount. Read Next: I Paid Off $40K in 7 Months Doing These 5 Things For You ...