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Financings

Newfoundland Discovery settles $414,000 debt with units

By The Northwire Desk — AI Analysis Mar 13, 2026 · 18:13 NEWD · 0.255 Newfoundland Discovery Corp
NEWD · Price

Executive Summary

  • Newfoundland Discovery Corp. closed a debt settlement transaction, extinguishing $414,000 of outstanding debt.
  • The settlement was executed by issuing units at $0.09 per unit, each comprising one common share and one transferable warrant.
  • Warrants are exercisable at $0.12 per share for four years; all securities are subject to a statutory hold period expiring July 14, 2026.

Key Details

  • Debt extinguished: $414,000 owed to certain creditors.
  • Units issued: Priced at $0.09 per unit.
  • Unit composition: 1 common share + 1 transferable share purchase warrant.
  • Warrant terms: Exercise price $0.12 per share; exercisable for four years from issuance date.
  • Statutory hold period: Four months plus one day, ending July 14, 2026, in accordance with securities legislation.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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SEDAR Interim Financial Statements

None