SBD Capital Corp. Announces Completion of Debt Settlement

Executive Summary

• SBD Capital Corp. settled $20,762.14 of indebtedness to a non‑arm’s‑length creditor by issuing 92,276 common shares at $0.225 per share.
• The transaction is classified as a related‑party transaction under MI 61‑101; the issued shares are subject to a four‑month hold period plus one day.
• Insider Irwin Lowy LLP’s ownership increased from ~23.59% to ~26.49% of the company’s outstanding common shares following the settlement.

Key Details

• Debt Settlement Amount: $20,762.14.
• Shares Issued: 92,276 common shares at a price of $0.225 per share.
• Hold Period: Four months plus one day from issuance; resale subject to applicable securities legislation.
• Regulatory Basis: Exemptions relied upon under sections 5.5(b) and 5.7(1)(a) of MI 61‑101 (company not listed on a specified market; insider participation ≤25% of market cap).
• Insider Ownership Pre‑Settlement: Irwin Lowy LLP held 551,768 common shares (~23.59% undiluted).
• Insider Ownership Post‑Settlement: Irwin Lowy LLP holds 664,044 common shares (~26.49% undiluted).
• Potential Future Changes: Irwin Lowy LLP may increase or decrease its holdings based on market conditions or other circumstances.
• Reporting: Early warning report to be posted on the company’s SEDAR+ issuer profile.

Notable Quotes

(No direct quotes were provided in the release.)