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Financings

Olivier Ventures to settle $530,000 debt with shares

By The Northwire Desk — AI Analysis Nov 13, 2025 · 16:14 OVL · 0.055 Olivier Ventures Inc
OVL · Price

Executive Summary

  • Olivier Ventures Inc. has settled $530,000 of outstanding debt with an arm‑length creditor.
  • The settlement will be effected by issuing up to 10.6 million common shares at a deemed price of $0.05 per share.
  • The transaction will result in the creditor becoming a new insider of the company.

Key Details

  • Debt Amount: $530,000.
  • Settlement Mechanism: Issuance of up to 10.6 million common shares.
  • Deemed Share Price: $0.05 per share (implied valuation of $530,000).
  • Resulting Insider: The creditor will become a new insider upon receipt of the shares.
  • Purpose: To eliminate the specified debt and improve the company’s balance sheet as it transitions from oil & gas to new business opportunities.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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