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Management

Aluula Composites to hire new CFO, extends loan

By The Northwire Desk — AI Analysis Jan 12, 2026 · 20:33 AUUA · 4.45 Aluula Composites Inc
AUUA · Price

Executive Summary

  • Aluula Composites Inc. announced that current CFO Dale Graham will depart on March 31, with the company actively recruiting a replacement to support future growth and financial strategy.
  • The company amended a $1 million related-party short-term loan, extending the maturity date to January 1, 2027, and restoring the principal balance to the original $1 million amount.

Key Details

  • CFO Transition: Dale Graham will officially depart on March 31 but will remain available on a consulting basis post-departure to ensure a smooth transition. The company is actively recruiting a new CFO to advance financial strategy and support ongoing growth plans.
  • Loan Amendment: Existing $1 million short-term loan with related party 0876991 B.C. Ltd. amended to extend maturity to January 1, 2027.
  • Loan Terms & History: Loan bears interest at 12% per annum. Previous amendments in June 2024 and October 2024 extended repayment to January 1, 2025, and January 1, 2026, respectively. $200,000 was repaid on January 1, 2025, and the principal was restored to the original $1 million in January of this year.
  • Corporate Amalgamation: The amendment formally affirms Aluula as the debtor following the corporate amalgamation with its wholly owned subsidiary on August 1, 2024.
  • Regulatory Compliance: The amendment constitutes a related party transaction under Multilateral Instrument 61-101. The company is relying on exemptions from sections 5.5(a) and 5.7(1)(a) regarding formal valuation and minority shareholder approval requirements.
Read the original news release →

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