Reflex Advanced Announces Closing of Securities for Debt Transactions

Executive Summary

• Reflex Advanced Materials Corp. closed debt settlement transactions totaling $420,000 by issuing 2,800,000 units at a deemed price of $0.15 per unit.
• Each unit consists of one common share and one warrant convertible into a share at $0.20 for two years; securities are subject to a four‑month‑plus hold period.
• One transaction is a related‑party deal exempted from MI 61‑101 valuation and shareholder approval requirements because its fair market value is under 25% of the company’s market capitalization.

Key Details

• Total debt settled: $420,000.
• Units issued: 2,800,000 units at a deemed price of $0.15 per unit (aggregate consideration of $420,000).
• Unit composition: 1 common share + 1 share purchase warrant.
• Warrant terms: Convertible into one share at $0.20 per share; exercisable for two years from issuance.
• Related‑party transaction: Involves a company owned/controlled by an officer of Reflex; exemption relied upon under MI 61‑101 because the transaction value is <25% of market cap.
• Regulatory compliance: No material change report filed 21 days prior, deemed reasonable under circumstances.
• Hold period: Securities subject to a four‑month‑plus hold period per Canadian securities laws and CSE policies.

Notable Quotes

• “The settlement provides needed capital while maintaining flexibility for our shareholders,” – DJ Bowen, Interim CEO & Director.