Debt Settlement

Search documents
PesoRama Announces Grants of Stock Options and Issuance of Shares
Newsfile· 2025-08-22 21:48
Core Points - PesoRama Inc. has granted a total of 10,400,000 incentive stock options at a price of $0.23 per share and will issue 656,250 common shares at $0.20 per share as part of a debt settlement totaling $131,250 [1][3] - The stock options are exercisable for five years and are subject to vesting provisions determined by the Board of Directors [2] - The debt settlement is subject to corporate and regulatory approvals, including from the TSX Venture Exchange, and will involve insiders receiving shares, qualifying as a related party transaction [3] Company Overview - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, having launched in 2019 in Mexico City and surrounding areas [4] - The company targets high-density, high-traffic locations and currently operates 28 stores offering a variety of merchandise including household goods, pet supplies, seasonal products, and more [4]
Scryb Inc. Provides Early Warning Update on Holdings In Cybeats Technologies Corp.
Newsfile· 2025-08-09 00:25
Core Viewpoint - Scryb Inc. has provided an update regarding its holdings in Cybeats Technologies Corp, following a debt settlement transaction that involved the acquisition of common shares [1][2]. Group 1: Acquisition Details - On August 5, 2025, Scryb acquired 9,788,450 common shares of Cybeats in exchange for settling $978,845 of debt, as part of a larger transaction where Cybeats issued a total of 15,000,000 common shares to settle $1,500,000 of outstanding debt [2]. - The common shares acquired are subject to a hold period of four months and one day starting from the closing date of the transaction [2]. Group 2: Ownership Structure - Prior to the debt settlement, Scryb owned or controlled 64,643,500 common shares and 13,125,000 warrants, representing approximately 49.17% and 53.78% of the issued and outstanding common shares of Cybeats on an undiluted and partially diluted basis, respectively [4]. - After the debt settlement and accounting for other transactions, Scryb now owns or controls 74,431,950 common shares and 13,125,000 warrants, representing approximately 38.59% and 42.50% of the issued and outstanding common shares of Cybeats on an undiluted and partially diluted basis, respectively [5]. Group 3: Future Intentions - The acquisition of the securities was completed for investment purposes, and Scryb may adjust its ownership in Cybeats based on market conditions and other factors in the future [6].
Bolt Metals Completes Debt Settlement
Thenewswire· 2025-08-06 01:00
Core Points - Bolt Metals Corp. has completed debt settlement agreements totaling CAD $117,535 with certain creditors, issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share [1][2] - The board of directors determined that completing the debt settlements was in the best interest of the company to preserve cash for working capital [2] - Bolt Metals Corp. focuses on the acquisition and exploration of precious and base metal properties, with projects including Soap Gulch in Montana and Switchback in British Columbia [3]
Lincoln Gold Proposed Debt Settlement
Thenewswire· 2025-08-05 21:30
Core Viewpoint - Lincoln Gold Mining Inc. intends to settle up to CDN $903,379.22 in debt through the issuance of up to 5,493,205 units at a price of $0.165 per unit, subject to regulatory approval [1][4]. Debt Settlement Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at $0.35 per share for 12 months [1]. - The debt settlement is subject to a four-month hold period from the issue date [2]. Related Party Transaction - Mr. Dong Shim, a director of the company, is considered a "related party" and the issuance of units to his firm is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder requirements [3]. - The board of directors approved the debt settlement unanimously, with Mr. Shim abstaining from the vote due to his interest [4]. Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company based in Vancouver, BC, focusing on becoming a mid-tier gold producer [5]. - The company holds interests in the Bell Mountain gold-silver property and the Pine Grove gold property, located within the Walker Lane mineral belt [5].
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]
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].
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].