Monitor Ventures issues 1.01 million shares for debt

Executive Summary

• Monitor Ventures Inc. settled $76,250 of debt by issuing 1,015,000 common shares at C$0.075 per share to an arm’s‑length party and a director (related‑party transaction).
• The company completed a non‑brokered private placement of 350,000 common shares at C$0.075 per share, raising $26,250 for working capital.
• Shares issued in both transactions are subject to a four‑month hold period expiring Feb 17 2026 and await final regulatory approvals.

Key Details

• Debt settlement: 1,015,000 common shares issued at C$0.075 each → extinguishes $76,250 of debt.
• Director now holds 665,000 shares (≈16.86% of outstanding capital; ≈15.48% after private placement).
• Private placement: 350,000 common shares sold at C$0.075 each → gross proceeds of $26,250.
• Use of private‑placement proceeds: working capital, audit fees, transfer agent fees, continuing filing fees.
• Both issuances subject to a four‑month hold period per TSX Venture Exchange rules (expires Feb 17 2026).
• Transactions rely on exemptions under MI 61‑101 sections 5.5(a) and 5.7(1)(a); fair market value of debt shares ≤25% of market cap.
• Completion pending receipt of final regulatory approvals.

Notable Quotes

(No quotes provided in the release.)