Nu E Power Corp. Announces Shares for Debt Transaction

Rhea-AI Summary

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced a shares-for-debt transaction to settle outstanding indebtedness of $275,000. The company will issue 833,333 common shares to arm's length creditors at two different price points:

- $0.30 per share for $175,000 of debt
- $0.40 per share for $100,000 of debt

The transaction is scheduled to close on April 10, 2025, with issued shares subject to a four-month and one-day hold period. The arrangement remains pending final acceptance from the Canadian Securities Exchange.

Positive

• Reduction of $275,000 in outstanding debt obligations
• Debt settlement without using cash resources

Negative

• Dilution of existing shareholders through issuance of 833,333 new shares
• Different pricing tiers ($0.30 and $0.40) for debt settlement may create equity inconsistency

Calgary, Alberta--(Newsfile Corp. - April 3, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") announces the have settled outstanding indebtedness of the Company in the aggregate amount of ‎$275,000.00 (the "Debt"), pursuant to the terms of debt settlement agreements with certain arm's length creditors (the "Creditors"). In settlement of the Debt, the Company has issued an aggregate of ‎833,333‎ common shares in the capital of the Company (the "Common Shares") to the Creditors at a price of $0.30 per Common Share for $175,000 of debt and $0.40 per Common Share for $100,000 of debt (the "Shares for Debt"). The Shares for Debt transaction is expected to close on April 10, 2025.

All Common Shares issued under the Shares for Debt are subject to a hold period of four months and ‎one day from the date of issuance.‎ The Shares for Debt remain subject to final acceptance by the Canadian Securities Exchange (the "CSE").

About Nu E Power Corp.

Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.

Contact Information

For more information, please contact:

Investor Relations E-mail: info@nu-ecorp.com

John Newman, Chief Financial Officer E-mail: john@nu-ecorp.com

 

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor ‎disapproved of the contents of this press release.‎

This press release contains statements which constitute "forward‐looking information" within the meaning of applicable Canadian securities laws. Forward‐looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: regulatory approval with respect to the Shares for Debt;‎ changes in Nu E's business, general economic, business and political conditions, including changes in the financial markets; decreases in the prevailing prices for products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; regulations and enforcement priorities of governmental authorities; compliance with government regulation and related costs; and other risks described in the Listing Statement of Nu E posted on SEDAR+. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247304

FAQ

What is the total value of debt being settled in Nu E Power's (NUEPF) shares-for-debt transaction?

Nu E Power is settling a total debt of $275,000 through the issuance of common shares.

How many shares will Nu E Power (NUEPF) issue in the April 2025 debt settlement?

Nu E Power will issue 833,333 common shares to settle the outstanding debt.

What are the share prices set for Nu E Power's (NUEPF) debt settlement transaction?

The shares are priced at $0.30 per share for $175,000 of debt and $0.40 per share for $100,000 of debt.

When will the Nu E Power (NUEPF) shares-for-debt transaction close?

The transaction is expected to close on April 10, 2025.

What is the hold period for the shares issued in Nu E Power's (NUEPF) debt settlement?

The issued shares are subject to a hold period of four months and one day from the date of issuance.