Earthworks' shares-for-debt deal accepted by TSX-V

Executive Summary

• Earthworks Industries Inc. completed a share‑for‑debt transaction, issuing 750,000 common shares to an arm’s‑length creditor.
• The settlement extinguishes $56,200 of outstanding indebtedness.
• The TSX Venture Exchange has formally accepted the agreement and share issuance.

Key Details

• Transaction Structure: Share‑for‑debt swap; Earthworks issued 750,000 common shares to settle debt.
• Debt Extinguished: $56,200 owed to an arm’s‑length creditor.
• Share Issuance: 750,000 common shares were newly created and allotted to the creditor as consideration.
• Regulatory Acceptance: The TSX Venture Exchange approved the share‑for‑debt agreement on September 17, 2025.
• Impact: Reduces Earthworks’ liabilities by $56,200 and dilutes existing shareholders by 750,000 shares; improves balance‑sheet strength without cash outflow.

Notable Quotes

(No quotes provided in the release.)