AlphaGen plans to settle debts with common shares issuance, including to CFO.

AlphaGen Intelligence Corp. plans to settle debts totaling $329,370 by issuing 2,251,330 common shares to certain creditors, including the company’s CFO, Eli Dusenbury. The Debt Settlement is priced at $0.1463 per share and is expected to close on or about July 10, 2025. This transaction is considered a related party transaction under Multilateral Instrument 61-101. The Company is relying on exemptions from formal valuation and minority approval requirements. AlphaGen Intelligence Corp. is a publicly traded company with assets in gaming, entertainment, eCommerce, and retail sectors. Their operational units include Shape Immersive and MANA.

Investor Relations can be contacted at [email protected] or 604-359-1256, while Media and Public Relations can be reached at [email protected]. Forward-looking statements in the press release indicate the company’s plans for the Debt Settlement and related regulatory approvals. The Canadian Securities Exchange has not reviewed or approved the contents of the press release.

Read more at GlobeNewswire: AlphaGen Announces Proposed Debt Settlement