SBD Capital Corp. Announces Debt Settlement
SBD Capital Corp (CSE: SBD) has announced a debt settlement agreement to resolve $20,762.14 of indebtedness through the issuance of 92,276 common shares at $0.225 per share to a non-arm's length creditor. The shares will be subject to a four-month hold period and require final acceptance from the Canadian Securities Exchange.
The transaction constitutes a related party transaction under MI 61-101, as an insider will receive the shares. The company is exempt from valuation and minority shareholder approval requirements as it's not listed on a specified market and the fair market value doesn't exceed 25% of market capitalization.
SBD Capital Corp (CSE: SBD) ha annunciato un accordo di regolamento del debito volto a risolvere una somma di 20.762,14 dollari tramite l’emissione di 92.276 azioni ordinarie al prezzo di 0,225 dollari per azione a favore di un creditore non di parte correlata. Le azioni saranno soggette a una lunga blocco di quattro mesi e richiederanno l’assenso finale dalla Canadian Securities Exchange. L’operazione rientra in una transazione con parti correlate ai sensi del MI 61-101, poiché un insider ne riceverà le azioni. La società è esentata dai requisiti di valutazione e di approvazione da parte degli azionisti di minoranza poiché non è quotata su un mercato specificato e il fair market value non supera il 25% della capitalizzazione di mercato.
SBD Capital Corp (CSE: SBD) ha anunciado un acuerdo de liquidación de deuda para resolver 20.762,14 dólares de adeudos mediante la emisión de 92.276 acciones ordinarias a 0,225 dólares por acción a favor de un acreedor no relacionado con la parte interesada. Las acciones estarán sujetas a un periodo de bloqueo de cuatro meses y requerirán la aceptación definitiva de la Canadian Securities Exchange. La operación constituye una transacción con partes relacionadas bajo la MI 61-101, ya que un insider recibirá las acciones. La empresa está exenta de los requisitos de valoración y aprobación de los accionistas minoritarios ya que no cotiza en un mercado especificado y el valor razonable no supera el 25% de la capitalización de mercado.
SBD Capital Corp (CSE: SBD)는 비관련 채권자에게 주당 0.225달러로 92,276주를 발행하여 20,762.14달러의 부채를 해결하는 부채해결 합의를 발표했습니다. 발행 주식은 4개월의 보유 기간이 적용되며, 캐나다 증권거래소의 최종 승인을 필요로 합니다. 이 거래는 내부자가 주식을 받으므로 MI 61-101에 따른 관련 당사자 거래에 해당합니다. 해당 회사는 특정 시장에 상장되어 있지 않고 공정가치가 시가총액의 25%를 넘지 않기 때문에 평가 및 소수 주주 승인 요건에서 면제됩니다.
SBD Capital Corp (CSE: SBD) a annoncé un accord de règlement de dette visant à régler 20 762,14 dollars d’endettement par l’émission de 92 276 actions ordinaires à 0,225 dollar par action à un créancier non lié. Les actions seront soumises à une période de blocage de quatre mois et nécessiteront l’accord final de la Canadian Securities Exchange. Cette opération constitue une transaction avec des parties apparentées selon le MI 61-101, puisqu’un initié recevra les actions. La société est exemptée des exigences d’évaluation et d’approbation des actionnaires minoritaires car elle n’est pas cotée sur un marché spécifié et la juste valeur marchande ne dépasse pas 25 % de la capitalisation boursière.
SBD Capital Corp (CSE: SBD) hat eine Schuldregelung angekündigt, um 20.762,14 USD Verbindlichkeiten durch die Ausgabe von 92.276 Stammaktien zum Preis von 0,225 USD pro Aktie an einen nicht verwandten Gläubiger zu begleichen. Die Aktien unterliegen einer Viermonats-Sperrfrist und benötigen die endgültige Zustimmung der Canadian Securities Exchange. Die Transaktion stellt gemäß MI 61-101 eine Transaktion mit nahestehenden Parteien dar, da ein Insider die Aktien erhalten wird. Das Unternehmen ist von Bewertungs- und Minderheitsaktionärs-Genehmigungen befreit, da es nicht an einem spezifizierten Markt notiert ist und der beizulegende Zeitwert nicht 25% der Marktkapitalisierung überschreitet.
أعلنت شركة SBD Capital Corp (CSE: SBD) عن اتفاق تسوية ديون يهدف إلى حل دين قدره 20,762.14 دولار أمريكي من خلال إصدار 92,276 سهماً عادياً بسعر 0.225 دولار للسهم لمُدين غير طرف ذي صلة. ستخضع الأسهم لفترة حظر مدتها أربعة أشهر وتتطلب قبولاً نهائياً من Canadian Securities Exchange. تعتبر المعاملة بمثابة صفقة مع طرف ذو صلة وفق MI 61-101، حيث سيحصل insider على الأسهم. الشركة معفاة من متطلبات التقييم وموافقة المساهمين الأقلية لأنها ليست مُدرجة في سوق محدد ولا يتجاوز قيمتها السوقية العادلة 25% من رأس المال السوقي.
SBD Capital Corp（CSE: SBD）宣布一项债务和解协议，通过向非关联债权人发行 92,276 股普通股，每股价格为 0.225 美元，以解决 20,762.14 美元的债务。该等股票将受四个月的锁定期，并需获得加拿大证券交易所的最终批准。该交易属于MI 61-101下的关联方交易，因为 insider 将获得股票。由于未在指定市场上市且公允市值不超过市值的 25%，公司豁免评估和少数股东批准的要求。
- Reduces company debt by $20,762.14 without using cash resources
- Preserves cash liquidity through equity-based settlement
- Dilution of existing shareholders through issuance of 92,276 new shares
- Related party transaction with insider raises potential conflict of interest concerns
Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - SBD Capital Corp. (CSE: SBD) (the "Company") announces that it intends to settle an aggregate of
The Debt Settlement is constituted "related party transactions" as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as an insider of the Company will receive an aggregate of 92,276 Common Shares. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by insiders does not exceed
For further information, please contact:
SBD Capital Corp.
Carly Burk
Secretary
Tel: (416) 361-2515
Email: cburk@irwinlowy.com
Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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FAQ
What is the debt settlement amount announced by SBD Capital Corp (CSE: SBD)?
How many shares will SBD Capital Corp issue for the debt settlement?
What is the hold period for the new shares issued by SBD Capital?
Why is SBD Capital's debt settlement considered a related party transaction?
What exemptions is SBD Capital using for the related party transaction?
