Syntheia Announces Shares for Debt Transaction

Executive Summary

• Syntheia Corp. will settle $590,768.28 of indebtedness by issuing 4,923,069 common shares at $0.12 per share.
• The transaction is a related‑party deal relying on MI 61‑101 exemptions because the issuance represents less than 25% of market capitalization.
• Shares issued are subject to a four‑month hold period; completion awaits final acceptance by the Canadian Securities Exchange.

Key Details

• Debt Settlement Amount: $590,768.28 owed to creditors for consulting fees and related expenses.
• Share Issuance: 4,923,069 common shares at $0.12 per share (total gross consideration of ~$590,768).
• Hold Period: Shares subject to a four‑month lock‑up before they may be sold or transferred.
• Regulatory Treatment: Treated as a “related party transaction” under MI 61‑101; the company is relying on exemptions in sections 5.5(a) and 5.7(1)(a).
• Market Impact Threshold: The issuance does not exceed 25% of Syntheia’s market capitalization, satisfying exemption criteria.
• Reporting: No material change report filed 21 days prior to closing; the company deems this reasonable.
• Closing Conditions: Transaction pending final acceptance by the Canadian Securities Exchange.

Notable Quotes

• “We are pleased to resolve these obligations through a share‑based settlement, which preserves cash and aligns creditor interests with our long‑term growth strategy,” – Tony Di Benedetto, Chief Executive Officer.