Reflex Advanced Materials Announces Shares for Debt Settlement

Executive Summary

• Reflex Advanced Materials Corp. entered into a debt settlement agreement to extinguish $45,000 of indebtedness by issuing 246,981 common shares at a deemed price of $0.1822 per share.
• The share issuance is subject to CSE approval and will carry a hold period of four months plus one day under securities law.

Key Details

• Debt Amount Settled: $45,000.
• Consideration: Issuance of 246,981 common shares.
• Deemed Share Price: $0.1822 per share.
• Total Shares to be Issued: 246,981.
• Regulatory Condition: Transaction requires approval from the Canadian Securities Exchange (CSE).
• Holding Period: Shares will be subject to a lock‑up of four months and one day pursuant to applicable securities laws.
• Counterparty: Service provider to Reflex Advanced Materials Corp. (specific name not disclosed).

Notable Quotes

(No direct quotes from executives were included in the release.)