Agereh Technologies Initiates Shares for Debt Settlement

Agereh Technologies Inc., based in Edmonton, has entered debt settlement agreements. The company plans to issue 1,574,158 common shares to settle $393,540 in outstanding debt. Each share is valued at $0.25. The transaction requires approval from the TSX Venture Exchange and the shares will be under a four-month hold period.

The decision to issue shares aims to conserve cash for operations. Among the shares, 18,000 will be issued to a related party, marking it as a "related party transaction" under MI 61-101. Agereh anticipates exemptions from certain regulatory approvals due to the transaction's scale.

Agereh focuses on AI solutions in the transportation sector, emphasizing consumer anonymity in financing predictions. The firm's strategic direction includes addressing industry challenges with advanced technology.