Defense Investment

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Silo Wellness Submits CSE Listing Statement for Review of Born Defense Proposed Change of Business
Newsfile· 2025-09-28 21:47
Core Viewpoint - Silo Wellness Inc. is transitioning to Born Defense Inc., focusing on defense innovation and national security investments, with a listing statement submitted to the Canadian Securities Exchange for review [1][3]. Company Overview - Silo Wellness Inc. will be renamed Born Defense Inc., which will operate as a national security investment issuer committed to ethical defense finance guided by the Just War Doctrine [9]. - The company's restructured business model will focus on trade finance, strategic equity investments, and collateral-backed lending for pre-IPO and critical infrastructure ventures globally [9]. Listing Statement Details - The Listing Statement provides comprehensive disclosure regarding the company's business, assets, financial statements, management team, and strategic direction, which is essential for resuming trading of the company's common shares [2]. - Recent measures to strengthen the financial position include agreements to settle approximately CAD $4.4 million of debt through the issuance of common shares, significantly reducing liabilities [4]. Strategic Direction - Born Defense's strategy is based on Just War principles, emphasizing the protection of individual liberty and responsible industrial stewardship [3]. - The company aims to stabilize and strengthen its public vehicle by converting debt into shares or establishing middle- and long-term payment plans with creditors [5]. Future Steps - The Listing Statement will be available on the company's profile on SEDAR+ once accepted for filing by the CSE, and shareholders will be notified of any required meetings to approve the proposed change of business [5].
Silo Wellness Appoints Defense Finance Veteran Richard Craven as CEO to Guide Strategic Transition to Born Defense
Newsfile· 2025-08-08 12:07
Core Viewpoint - Silo Wellness Inc. has appointed Richard Craven as CEO to lead the company's strategic transition to Born Defense Inc., focusing on defense and national security investments guided by the Just War Doctrine [1][3]. Company Overview - Silo Wellness is transitioning its operations into Born Defense Inc., which will operate as a national security investment issuer committed to ethical defense finance [5]. - The restructured business model will focus on trade finance, strategic equity investments, and collateral-backed lending for pre-IPO and critical infrastructure ventures globally [5]. Leadership Background - Richard Craven brings extensive experience in financial structuring and defense-related enterprise development, having previously managed over £11.2 billion in assets and annual inflows exceeding £4 billion at a major retail investment platform [2]. - Craven has held CEO responsibilities in defense-related companies and has executed significant U.S. defense system procurement agreements [2][3]. Strategic Importance - The appointment of Craven is seen as crucial for navigating complex defense transactions and enhancing the company's global regulatory posture [3]. - The transition to Born Defense is expected to close later in 2025, pending regulatory and shareholder approval [3].