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CleanGo Innovations Inc. Announces Debt Settlement
Thenewswire· 2026-02-10 00:40
Core Viewpoint - CleanGo Innovations Inc. has entered into debt settlement agreements to resolve an aggregate indebtedness of $308,801 by issuing 686,223 common shares at a deemed price of $0.45 per share, aimed at improving its working capital position and supporting ongoing business activities [1]. Group 1: Debt Settlement Details - The debt settlement will involve the issuance of 686,223 common shares at a price of $0.45 per share, totaling $308,801 in debt [1]. - A portion of the shares, specifically 519,557 common shares, will be issued to directors and officers of the company as part of the insider issuances for unpaid services [2]. - The insider issuances are classified as a "related party transaction" and the company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value does not exceed 25% of the company's market capitalization [2]. Group 2: Regulatory and Compliance Information - All shares issued in connection with the debt settlement will be subject to a hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws [3]. - The completion of the debt settlement is contingent upon customary closing conditions and the receipt of all required regulatory approvals, including approval from the Canadian Securities Exchange [3]. Group 3: Company Overview - CleanGo Innovations Inc. specializes in developing proprietary, certified green, and sustainable solutions for industrial, commercial, and retail applications, with manufacturing operations across North and South America, and Saudi Arabia [4].
ENB and ET Announce Open Season for Southern Illinois Connector
ZACKS· 2025-06-25 13:21
Group 1 - Enbridge Inc. and Energy Transfer are considering expanding pipeline capacity to transport additional crude oil from the Western Canadian Sedimentary Basin to U.S. Gulf Coast markets and oil hubs in Illinois [1] - The Southern Illinois Connector project is expected to add 200,000 barrels per day of capacity through upgrades to the existing pipeline and the construction of a new segment connecting Wood River and Patoka in Illinois [2][5] - The pipeline expansion aims to meet rising industry demand for increased access from Flanagan, IL, to the U.S. Gulf Coast, supporting increased crude oil volumes from Canada [3] Group 2 - The open season for the project will close on July 18, 2025, allowing interested shippers to express their interest in reserving pipeline capacity [4] - The Southern Illinois Connector will connect to Energy Transfer's Crude Oil Pipeline at the Patoka Hub, facilitating transportation to an oil terminal in Nederland, TX, which supplies refineries in the Port Arthur region [5] - The project will assess shipper interest in securing space for rising Canadian crude exports during the open season [9]