Global Compliance to issue 36.74M shares for debt

Executive Summary

• Global Compliance Applications Corp. will settle $367,465.42 of outstanding debt by issuing 36,746,542 settlement units at a deemed price of $0.01 per unit.
• Each settlement unit consists of one common share and one share‑purchase warrant exercisable at $0.05 per share for 24 months.
• The previously announced debt settlement transaction (Sept. 8, 2025) is cancelled in favor of this new structure.

Key Details

• Debt Amount Settled: $367,465.42 owed to various creditors.
• Settlement Units Issued: 36,746,542 units at a deemed price of $0.01 per unit.
• Composition of Each Unit:
• 1 common share of Global Compliance Applications Corp.
• 1 share‑purchase warrant granting the right to purchase one additional share at $0.05 per share.
• Warrant Terms: Exercisable for a period of 24 months from issuance date.
• Exemption Utilized: Issuance relies on the employee, executive officer, director and consultant exemption under NI 45‑106, meaning no hold period is required under Canadian securities law.
• Cancellation of Prior Transaction: The debt settlement previously announced on September 8, 2025 has been cancelled and replaced by this new arrangement.

Notable Quotes

(No direct quotes were provided in the release.)