Business
City View Green Holdings Inc. Completes Debt Settlements
Toronto, Ontario--(Newsfile Corp. - May 1, 2026) - City View Green Holdings Inc. (CSE: CVGR) (OTCID: CVGRF) (FSE: CVY0) (the "Company" or "City View") announces that further to its press release of April 23, 2026, it has now issued an aggregate of 12,815,807 common shares at a deemed price of $0.07 per share to settle aggregate debt of $897,106.66. All shares issued in relation to these debt settlements are subject to a hold period expiring August 31, 2026, in accordance with applicable...
About this update from City View Green Holdings, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 1, 2026) - City View Green Holdings Inc. (CSE: CVGR) (OTCID: CVGRF) (FSE: CVY0) (the "Company" or "City View") announces that further to its press release of April 23, 2026, it has now issued an aggregate of 12,815,807 common shares at a deemed price of $0.07 per share to settle aggregate debt of $897,106.66. All shares issued in relation to these debt settlements are subject to a hold period expiring August 31, 2026, in accordance with applicable securities laws and CSE Policies.","length":545,"tagName":"p"},{"type":"text","content":"Certain directors and officers participated in the debt settlement transactions and received an aggregate 9,596,685 shares in consideration for settlement of an aggregate of $671,768 debt. Director and officer participation in the debt settlement transactions constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the insiders' debt settlement transactions do not exceed 25% of the fair market value of the Company's market capitalization.","length":794,"tagName":"p"},{"type":"text","content":"Rob Fia, the CEO, President and a director of the Company, received 4,953,828 shares in settlement of $346,768 debt. Prior to the issuance of the debt settlement shares, Mr. Fia owned or controlled 4,823,220 shares of the Company representing approximately 9.7% of the outstanding City View shares. Upon receipt of the 4,953,828 debt settlement shares, Mr. Fia now owns or controls 9,777,048 shares of the Company, representing approximately 15.6% of the outstanding City View shares, on a non-diluted basis. On a partially diluted basis (assuming the exercise of all 2,200,000 stock options and 462,500 warrants held by Mr. Fia), Mr. Fia would have ownership and control over approximately 19.1% of the then issued City View shares.","length":733,"tagName":"p"},{"type":"text","content":"The debt settlement shares acquired by Mr. Fia are held for investment purposes only. Mr. Fia may acquire additional securities of...