Zefiro Methane Strengthens Balance Sheet with Strategic Shares for Debt Settlements
Rhea-AI Summary
Zefiro Methane (OTCQB: ZEFIF) entered debt settlement agreements to eliminate an aggregate of CAD 407,855.97 in outstanding debt with two creditors on November 28, 2025. The settlements call for the issuance of 1,127,273 common shares at a deemed price of CAD 0.275 per share and the grant of 400,000 stock options exercisable at CAD 0.40 with a one-year term. CAD 97,855.97 of the debt will be forgiven for no value. Issuances are subject to a statutory four-month and one-day hold and CBOE Canada approval.
Positive
- Eliminates CAD 407,855.97 in outstanding debt
- Forgives CAD 97,855.97 of debt for no value
- Issues 1,127,273 common shares at CAD 0.275 deemed price
- Grants 400,000 stock options exercisable at CAD 0.40
Negative
- Issuance of 1,127,273 shares increases shareholder dilution
- 400,000 options create potential further dilution if exercised
- Issuance subject to CBOE Canada regulatory approval and conditions
Fort Lauderdale, Florida--(Newsfile Corp. - November 28, 2025) - ZEFIRO METHANE CORP. (Cboe CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") announced today it has entered into debt settlement agreements (the "Debt Settlements") with two creditors (the "Creditors") to eliminate an aggregate of
The Debt Settlements will involve a combination of equity issuances and a significant write-down by the Creditors of the amounts owing to them pursuant to the Debt Settlements, the Company will issue an aggregate of 1,127,273 common shares in the capital of the Company (the "Debt Shares") and grant 400,000 stock options, each having an exercise price of
The Company views these strategic Debt Settlements as a positive step toward strengthening its balance sheet and reducing its overall debt obligations.
All common shares issued in connection with the Debt Settlement will be subject to a statutory four month and one day hold period, in accordance with the policies of the CBOE Canada Exchange ("CBOE") and applicable securities laws. The issuance of the Debt Shares is subject to certain conditions including the receipt of all necessary regulatory approvals, including the approval of the CBOE.
About Zefiro Methane Corp.
Zefiro is an Environmental Services Company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "seeks", "believes", "plans", "expects", "intends", "estimates", "anticipates" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the issuance of Debt Shares and options pursuant to the Debt Settlements. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof,. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276287
FAQ
What debt did Zefiro Methane (ZEFIF) settle on November 28, 2025?
How many shares will ZEFIF issue to settle debt and at what price?
What stock options did Zefiro grant as part of the debt settlements?
How much debt was forgiven in Zefiro's November 28, 2025 settlement?
Are Zefiro's debt-settlement shares immediately tradable?
Do Zefiro's debt settlements require regulatory approval?
