on Right Seasons Investments (CVE:LITT)
FutureGen Industries Finalizes Debt Settlement Agreement
FutureGen Industries Corp., based in Vancouver, BC, has completed its previously announced debt settlement with a company director. This involved issuing 201,600 common shares at a price of $0.125 per share to settle outstanding debt of $25,200. The shares are subject to a four-month hold period, expiring on January 10, 2027.
This transaction, labeled as a Related Party Transaction, complied with Multilateral Instrument 61-101. FutureGen utilized exemptions since the transaction did not exceed 25% of its market capitalization. Details of the agreement were finalized shortly before completion, leading to expedited settlement for business purposes.
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