FEC Resources Settles PXP Loan by Issuing Shares
FEC Resources (OTC:FECOF) has announced the conversion of its outstanding debt to PXP Energy Corporation into equity. The total debt of $1,157,760.78, consisting of a $1,011,155.88 loan plus $146,604.90 in accrued interest, will be settled through the issuance of 131,563,725 common shares at $0.0088 per share.
This debt-to-equity conversion agreement with PXP Energy Corporation represents a significant financial restructuring for FEC Resources, effectively eliminating a substantial portion of the company's debt obligations.
FEC Resources (OTC:FECOF) ha annunciato la conversione del suo debito residuo verso PXP Energy Corporation in capitale azionario. Il debito totale di $1.157.760,78, composto da un prestito di $1.011.155,88 più $146.604,90 di interessi maturati, sarà estinto mediante l'emissione di 131.563.725 azioni ordinarie al prezzo di $0,0088 per azione.
Questo accordo di conversione debito-in-equity con PXP Energy Corporation rappresenta una significativa ristrutturazione finanziaria per FEC Resources, eliminando di fatto una parte consistente degli obblighi debitori della società.
FEC Resources (OTC:FECOF) ha anunciado la conversión de su deuda pendiente con PXP Energy Corporation en capital social. La deuda total de $1,157,760.78, que incluye un préstamo de $1,011,155.88 más $146,604.90 en intereses acumulados, se liquidará mediante la emisión de 131,563,725 acciones comunes a $0.0088 por acción.
Este acuerdo de conversión de deuda a capital con PXP Energy Corporation representa una importante reestructuración financiera para FEC Resources, eliminando efectivamente una parte considerable de las obligaciones de deuda de la compañía.
FEC Resources (OTC:FECOF)는 PXP Energy Corporation에 대한 미결제 부채를 주식으로 전환한다고 발표했습니다. 총 부채 $1,157,760.78는 $1,011,155.88의 대출금과 $146,604.90의 발생 이자를 포함하며, 주당 $0.0088에 131,563,725 보통주를 발행하여 상환됩니다.
이 부채를 주식으로 전환하는 계약은 FEC Resources의 중요한 재무 구조조정을 의미하며, 회사의 상당한 부채 부담을 효과적으로 해소합니다.
FEC Resources (OTC:FECOF) a annoncé la conversion de sa dette en cours envers PXP Energy Corporation en actions. La dette totale de 1 157 760,78 $, comprenant un prêt de 1 011 155,88 $ ainsi que 146 604,90 $ d’intérêts courus, sera réglée par l’émission de 131 563 725 actions ordinaires au prix de 0,0088 $ par action.
Ce contrat de conversion de dette en capital avec PXP Energy Corporation représente une restructuration financière importante pour FEC Resources, éliminant efficacement une part substantielle des obligations d’endettement de la société.
FEC Resources (OTC:FECOF) hat die Umwandlung seiner ausstehenden Schulden gegenüber PXP Energy Corporation in Eigenkapital bekanntgegeben. Die Gesamtschuld in Höhe von 1.157.760,78 $, bestehend aus einem Darlehen von 1.011.155,88 $ plus 146.604,90 $ aufgelaufenen Zinsen, wird durch die Ausgabe von 131.563.725 Stammaktien zu je 0,0088 $ beglichen.
Diese Umwandlungsvereinbarung von Schulden in Eigenkapital mit PXP Energy Corporation stellt eine bedeutende finanzielle Restrukturierung für FEC Resources dar und beseitigt effektiv einen erheblichen Teil der Verbindlichkeiten des Unternehmens.
- Elimination of $1.16M in debt obligations through equity conversion
- Improved balance sheet through debt reduction
- No cash outlay required for debt settlement
- Significant shareholder dilution through issuance of 131.6M new shares
- Share price set at a low $0.0088 per share for the conversion
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") is pleased to report that PXP Energy Corporation ("PXP") agreed to convert its outstanding loan of
On behalf of the Board of,
FEC Resources Inc.
Daniel Carlos
Director and Chief Executive Officer
E-mail: info@FECResources.com
Website: http://www.FECResources.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260826
FAQ
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