VVC Exploration chairman provides $700,000 (U.S.) loan

Executive Summary

• Chairman Terrence Martell provided a $700,000 interest‑free loan to subsidiary Plateau Helium Corp., secured by a promissory note payable on demand.
• The loan includes an optional conversion feature allowing the lender to settle up to the full principal with as many as 230,000 shares of Cyber App Solutions at $3.09 per share.
• Director Steven Looper resigned; no replacement has been appointed yet.

Key Details

• Loan amount: US $700,000 loan from chairman Terrence Martell, PhD, to Plateau Helium Corp. (VVC subsidiary).
• Purpose: Funding operating and development activities for helium/PNG assets in Kansas.
• Terms: Promissory note, payable on demand, bears no interest.
• Conversion option: Lender may elect to convert any or all of the principal into up to 230,000 shares of Cyber App Solutions at $3.09 per share.
• Security: Loan secured by the promissory note; no additional collateral disclosed.
• Director resignation: Steven Looper resigned from the board for personal reasons; resignation accepted with regret.
• Board vacancy: No immediate replacement; expected to be filled before year‑end shareholders meeting.

Notable Quotes

• “VVC regrets Steve's decision to leave the board of directors, but we understand the pressure for him to do so as he drives Proton Green to become a major player in both the helium and beverage CO₂ production,” – Jim Cuver, CEO.