Toronto, Ontario--(Newsfile Corp. - March 10, 2026) - 1290439 B.C. Ltd. ("1290439 BC" or the "Company") is pleased to announce today that it has satisfied outstanding indebtedness owed to existing shareholders of the Company through the issuance of common shares of the Company (the "Debt Settlement"). In connection with the Debt Settlement, the Company settled indebtedness of $100,000 through the issuance of 100,000 common shares in the capital of the Company (the "Common Shares") at a deemed price of $1.00 per Common Share (the "Settlement Shares").
The Settlement Shares issued pursuant to the Debt Settlement shall be subject to the statutory hold period of four months and one day.
For further information, please contact:
Eric Massie
Chief Executive Officer, Chief Financial Officer, and Director
Telephone: 613.793.2483
Email: ericmassieadv@gmail.com
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company's strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
Not for distribution to U.S. news wire services or for dissemination in the United States or to a U.S. Person.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288021
Source: 1290439 B.C. Ltd.
