Global UAV to settle $1.28-million debt with shares

Executive Summary

• Global UAV Technologies Ltd. will settle approximately $1.28 M of outstanding debt by issuing up to 12,190,476 units at a deemed price of $0.105 per unit.
• The company is also conducting a non‑brokered private placement for gross proceeds of up to $220,000 by selling up to 2,095,238 units at the same price.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.135 per share, exercisable for two years from closing; proceeds are earmarked for general working capital.

Key Details

• Debt Settlement: Up to 12,190,476 units to be issued at a deemed price of $0.105 per unit to settle roughly $1.28 M of debt.
• Private Placement: Up to 2,095,238 units to be sold at $0.105 per unit, targeting gross proceeds of up to $220,000.
• Unit Composition: Each unit = 1 common share + 1 share purchase warrant.
• Warrant Terms: Warrants allow acquisition of one additional share at an exercise price of $0.135 per share; exercisable for two years from the closing date of the respective transaction.
• Use of Proceeds: All proceeds (both debt settlement and private placement) will be used for general working capital purposes.
• Regulatory Approval: Transactions are subject to approval by the Canadian Securities Exchange (CSE).
• Finders’ Fees: Payable in accordance with applicable securities laws and CSE policies.
• Statutory Hold Period: All securities issued will be subject to a hold period expiring four months and one day after closing of each transaction.
• Insider Participation: Insiders may participate; such participation is considered a related‑party transaction under MI 61‑101 but is expected to be exempt from formal valuation and minority shareholder approval requirements.

Notable Quotes

(No executive quotes were provided in the release.)