other material
confidence high
sentiment neutral
materiality 0.50
MetaWorks Platforms issues 725,000 shares to settle $36,250 debt with related parties
WASTE ENERGY CORP.
- Issued 725,000 shares at $0.05 per share to settle $36,250 debt; 500k to director Murphy's GSD Group, 225k to Pres. Gallagher.
- Transaction exempt from MI 61-101 valuation and minority approval; shares unregistered under Securities Act.
- Company closed debt settlement early to improve financial position; related party transaction.
- Post-settlement, director Murphy's undiluted ownership rises from 0.95% to 1.47%; Gallagher's from 0% to 0.24%.