Aether Global to issue 2.55 million shares for debt

Executive Summary

• Aether Global Innovations Corp. is negotiating debt settlement agreements that will involve issuing approximately 2.55 million common shares at a deemed price of $0.24 per share.
• The proposed settlements aim to extinguish roughly $612,000 of outstanding indebtedness while preserving cash for ongoing operations and strategic initiatives.
• All issued securities will be subject to a statutory hold period of four months and one day pending regulatory approvals from the Canadian Securities Exchange.

Key Details

• Debt Settlement Amount: Approximately $612,000 of outstanding debt.
• Share Issuance: Up to ~2.55 million common shares at a deemed price of $0.24 per share (aggregate gross consideration ≈ $612,000).
• Purpose: Reduce indebtedness and conserve cash for operations and strategic projects.
• Regulatory Conditions: Completion subject to execution of remaining settlement agreements and receipt of all required regulatory approvals, including CSE approval.
• Statutory Hold Period: Issued shares will be locked for four months and one day per Canadian securities law.

Notable Quotes

(No direct quotes were provided in the release.)