Newfoundland Discovery investor acquires 2.33 M units

Executive Summary

• Investor Ian McDonald acquired 2,337,763 units of Newfoundland Discovery Corp., representing ~16.79% of the company’s undiluted share capital.
• The acquisition settled $210,398.67 of debt at a deemed price of $0.09 per unit under a March 3, 2026 debt settlement agreement.
• Including exercisable warrants, McDonald could ultimately control up to ~33.58% of the partially diluted shares if all warrants are exercised.

Key Details

• Units Acquired: 2,337,763 units (each unit = 1 common share + 1 warrant).
• Debt Settled: $210,398.67 owed to the acquiror under the debt settlement agreement dated March 3, 2026.
• Deemed Unit Price: $0.09 per unit.
• Post‑Settlement Ownership (Undiluted): 2,337,763 shares ≈ 16.79% of total outstanding shares.
• Warrants Issued: 2,337,763 warrants, each exercisable for one additional share at $0.12 per share for a period of four years from issuance.
• Potential Diluted Ownership: If all warrants are exercised, McDonald could own 4,675,526 shares ≈ 33.58% of the partially diluted share base.
• Prior Ownership: The acquiror held no shares immediately before the settlement.
• Regulatory Basis: Acquisition made under exemption from National Instrument 45‑106 (Prospectus Exemptions).
• Contact for Further Information: Ian McDonald, 604‑689‑9111.

Notable Quotes

(No direct quotes provided in the release.)