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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings

CULT Food Science Announces Debt Settlement

By The Northwire Desk — AI Analysis Dec 10, 2025 · 09:00 CULT · 0.01 Cult Food Science Corp.
CULT · Price

Executive Summary

  • CULT Food Science Corp. agreed to settle a debt by paying $30,000 in cash and issuing 10,000,000 common shares at a deemed price of $0.01 per share.
  • The settlement is intended to preserve cash for working‑capital needs and strengthen the balance sheet.
  • Shares will be issued as free‑trading securities under NI 45-106 prospectus exemptions.

Key Details

  • Cash component: $30,000 payable to an arm’s‑length creditor.
  • Equity component: 10,000,000 common shares issued at a deemed price of $0.01 per share (total nominal value $100,000).
  • Issuance method: Shares will be free‑trading securities pursuant to section 2.24 of National Instrument 45‑106 – Prospectus Exemptions.
  • Purpose: Preserve cash for working capital and improve the company’s balance sheet as determined by the board of directors.
  • Board rationale: Completion of the Debt Settlement is in the best interests of the Company.

Notable Quotes

(No direct quotes from executives were included in the release.)

Read the original news release →

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