Northwire Canada EditionSaturday, July 11, 2026
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Financings

Syntheia Announces Shares for Debt Transaction and Termination of LIFE Offering

SYAI · Price

Executive Summary

  • Syntheia Corp. settled $100,000 of indebtedness by issuing 833,334 common shares at $0.12 per share, subject to a four‑month hold period.
  • The company cancelled its previously announced private‑placement equity financing and will explore alternative strategic financing options.

Key Details

  • Debt Settlement: $100,000 paid to an arm’s‑length creditor via issuance of 833,334 common shares at $0.12 per share.
  • Hold Period: Shares issued in the settlement are subject to a four‑month hold period.
  • Private Placement Cancellation: The proposed private‑placement equity financing (filed under a listed issuer financing exemption on Jan 19, 2026) will not proceed.
  • Future Financing Plans: Syntheia intends to seek alternative strategic financing options and will issue further announcements when arrangements are made.

Notable Quotes

  • None provided in the release.
Read the original news release →

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