Aether Global issues 2.84 million shares for debt

Executive Summary

• Aether Global Innovations Corp. completed a debt settlement by issuing 2,848,544 common shares at $0.24 per share, extinguishing $683,650 of outstanding indebtedness.
• Insiders received 487,087 of the issued shares; the transaction qualifies as a related‑party deal under MI 61‑101 but is exempt from formal valuation and minority‑shareholder approval requirements.
• All shares issued in the settlement are subject to a statutory hold period of four months and one day.

Key Details

• Total shares issued: 2,848,544 common shares.
• Deemed price per share: $0.24.
• Aggregate debt settled: $683,650.
• Insider allocation: 487,087 shares issued to insiders (related‑party transaction).
• Regulatory framework: Transaction falls under Multilateral Instrument 61‑101; exemptions applied per sections 5.5(a) and 5.7(1)(a) because the fair market value of securities issued to related parties does not exceed 25 % of market capitalization.
• Statutory hold period: Shares subject to a four‑month‑plus‑one‑day hold from issuance per Canadian securities law.

Notable Quotes

(No executive quotes provided in the release.)