Northwire Canada EditionFriday, October 16, 2026
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Financings

Tripsitter Clinic to settle $292,311 shares with debt

KETA · Price

Executive Summary

  • Tripsitter Clinic Ltd. entered into a debt settlement agreement to extinguish $292,311.48 of liabilities.
  • The settlement will be satisfied by issuing 4,102,617 common shares at an implied price of C$0.071 per share.
  • Shares issued are subject to a statutory hold period of four months and one day and the transaction requires approval from the Canadian Securities Exchange.

Key Details

  • Liabilities Settled: Aggregate amount of $292,311.48.
  • Consideration: Issuance of 4,102,617 common shares.
  • Implied Share Price: C$0.071 per share (7.1 cents).
  • Statutory Hold Period: Shares will be restricted for four months and one day from issuance date.
  • Regulatory Requirement: Settlement is contingent upon approval by the Canadian Securities Exchange.
  • Impact on Capital Structure: Dilution of existing shareholders through issuance of over 4 million new shares.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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