Trenchant Technologies Capital Corp. Completes Unwinding of Previous Limitless Quantum Acquisition and Corporate Updates

About this update from International Petroleum Corp. (british Columbia)

[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Trenchant Technologies Capital Corp. (CSE: AITT) (OTCQB: AITTF) ("Trenchant" or the "Company") announces that it has completed the unwinding of the Company's acquisition of Limitless Quantum Computing Solutions Inc. ("Limitless Quantum") (collectively, the "Unwinding Transaction"), as previously announced on April 8, 2026.","length":433,"tagName":"p"},{"type":"text","content":"The Company has effectively cancelled the 10,000,000 common shares of the Company (the "Trenchant Shares") and the 10,000,000 common share purchase warrants of the Company (the "Trenchant Warrants"). As of the date hereof, the parties remain at arm's length. No fees, penalties, or other compensation are payable by any party in connection with the Unwinding Transaction. The Company does not expect the unwinding to have a material adverse impact on its ongoing operations.","length":498,"tagName":"p"},{"type":"text","content":"Corporate UpdatesThe Company is also pleased to announce that it has subscribed to an unsecured convertible debenture of CG International Petroleum Corp. ("CGIP") in the principal amount of $1,300,000. The debenture bears interest at a rate of 14% per annum and matures on January 8, 2027. The debenture also entitles the Company to receive 2,309,058 share purchase warrants, exercisable into CGIP shares at a price of $0.1126 per share, on terms customary for transactions of this nature.","length":500,"tagName":"p"},{"type":"text","content":"CGIP, an oil and gas company in Chad, reinitiated operations in late Q1 2025. During 2025, CGIP achieved a number of operational milestones, including the reactivation of four wells with an estimated combined production potential in excess of 5,000 barrels of oil per day. Progress during the year also included certain regulatory and operational developments, such as the receipt of a two-year extension to the Production Sharing Contract and approval from the Ministry of Petroleum for interim crude oil transportation by truck. In support of these activities, CGIP completed refurbishment work at the Belanga base to international standards, resulting in a fully operational camp capable of accommodating approximately 50 personnel and equipped with medical, communicat...

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