Agereh Technologies Announces Shares for Debt Settlements

Executive Summary

• Agereh Technologies Inc. entered into debt settlement agreements to extinguish $393,540 of outstanding debt by issuing 1,574,158 common shares at a deemed price of $0.25 per share.
• The transaction is subject to TSX Venture Exchange approval and includes a four‑month hold period on the issued shares.
• A portion of the settlement (18,000 shares) will be issued to a related party in a transaction expected to be exempt from MI 61‑101 minority‑shareholder approval requirements.

Key Details

• Debt Amount: $393,540 total outstanding debt to be settled.
• Settlement Shares Issued: 1,574,158 common shares at a deemed price of $0.25 per share (aggregate nominal value ≈ $393,540).
• Hold Period: All Settlement Shares will be subject to a four‑month hold period after issuance.
• Related Party Component: 18,000 of the Settlement Shares will be issued to a related party; deemed exempt from formal valuation and minority‑shareholder approval under MI 61‑101 because it represents less than 25% of market capitalization.
• Regulatory Approval: The debt settlement agreements require approval by the TSX Venture Exchange.
• Purpose: Preserve cash for ongoing operations while eliminating the outstanding debt.

Notable Quotes

• Ken Brizel, CEO: “The board determined that settling the outstanding debt through a share issuance is in the best interests of Agereh, allowing us to preserve cash for continued operational growth.”