Financings
Volatus Capital completes shares-for-debt transaction

VC · Price
Executive Summary
- Volatus Capital Corp. has completed a shares-for-debt transaction to satisfy outstanding obligations to certain creditors.
- The company issued approximately 7.15 million common shares to settle the debt.
- The transaction is classified as a related party transaction as the creditors are insiders of the company.
Key Details
- Total Debt Satisfied: $536,528.06
- Shares Issued: 7,153,707 common shares
- Deemed Price per Share: 7.5 cents
- Hold Period: Four months and one day from the date of issue
- Regulatory Status: The transaction is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 because neither the fair market value nor the consideration exceeds $2.5 million.