Agereh Technologies Completes Shares for Debt Settlement

Executive Summary

• Agereh Technologies Inc. completed a debt settlement by issuing 1,574,158 common shares at $0.25 per share to extinguish $393,540 of outstanding debt.
• The settlement shares are subject to a four‑month hold period.
• An additional 18,000 settlement shares were previously issued to a related party in accordance with MI 61‑101 exemptions.

Key Details

• Settlement Shares Issued: 1,574,158 common shares.
• Debt Extinguished: $393,540 outstanding debt.
• Issue Price: $0.25 per settlement share.
• Hold Period: Settlement shares subject to a four‑month lock‑up.
• Related Party Transaction: Prior issuance of 18,000 settlement shares to a related party; deemed exempt from formal valuation and minority shareholder approval under MI 61‑101 because the fair market value does not exceed 25% of market capitalization.
• Board Approval: Settlement approved by Agereh’s Board of Directors and the TSX Venture Exchange.

Notable Quotes

• Ken Brizel, CEO: “On behalf of the Board of Directors, we are pleased to have completed this settlement, which strengthens our balance sheet and positions us for continued growth in AI‑driven transportation solutions.”