Newfoundland Discovery Announces Debt Settlement Transaction

Executive Summary

• Newfoundland Discovery Corp. entered into debt settlement agreements to settle CAD $414,000 of outstanding debt.
• The company will issue Units at $0.09 each, each Unit consisting of one common share and one warrant to purchase an additional share at $0.12 for four years.
• The issuance is subject to a statutory hold period (four months plus one day) and CSE approval; securities are not registered in the United States.

Key Details

• Debt Settlement Amount: CAD $414,000.
• Units Pricing: $0.09 per Unit.
• Unit Composition: 1 common share + 1 transferable warrant.
• Warrant Terms: Exercise price of CDN $0.12 per Share; exercisable for four (4) years from issuance date.
• Statutory Hold Period: Four months plus one day from the date of issuance, as required by securities legislation.
• Regulatory Conditions: Settlement remains subject to approval by the Canadian Securities Exchange (CSE).
• U.S. Offering Restrictions: Units will not be registered under the U.S. Securities Act and may not be offered or sold in the United States or to U.S. persons without an exemption or registration.

Notable Quotes

• “Jeremy Prinsen, President, CEO & Director,” signed on behalf of the Board of Directors (no direct quote provided).