AGEDB Technology Ltd. (“AGEDB” or the “Company”) (TSXV: AGET) announces that, further to its news release dated August 19, 2026, it has received TSX Venture Exchange approval and closed its debt settlement transaction (the “Debt Settlement”) to settle C$4,068 of outstanding indebtedness owing to a creditor (the “Creditor”).
Pursuant to the Debt Settlement, the Company has issued 30,133 common shares of the Company (each a “Share”) to the Creditor at a deemed price of $0.135 per Share. All securities issued to the Creditors or in connection with the Debt Settlement are subject to a statutory hold period of four months and one day.
An insider of the Company participated in the Debt Settlement. The issuance of the Shares to related parties is considered to be a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 (and Policy 5.9) as the fair market value of the Shares issued to such persons does not exceed 25% of the Company’s market capitalization.
Source : AGEDB Technology Ltd.
