Business
MegaWatt Announces Settlement of Debt by Issuance of Shares
– NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES – Vancouver, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company", or “MegaWatt”) announces, further to its news release dated April 8, 2026, that the Company has issued 3,066,254 common shares in the capital of the Company (the “Shares”) at a deemed price of $0.185 per Share to certain creditors of the Company (the “Credito
About this update from Megawatt Lithium And Battery Metals Corp.
[{"type":"image","alt":"MegaWatt Lithium and Battery Metals Corp.","displaySize":"","headline":null,"caption":"MegaWatt Lithium and Battery Metals Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":242,"height":136,"url":"https://media.zenfs.com/en/globenewswire.com/d684e14d70f0b615931cf66bb49de8d6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/f4j9tcdyLpxWYcA8UWTxEg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzNg--/https://media.zenfs.com/en/globenewswire.com/d684e14d70f0b615931cf66bb49de8d6","width":242,"height":136}},"lazy":false},{"type":"text","content":"– NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES –","length":80,"tagName":"p"},{"type":"text","content":"Vancouver, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company", or “MegaWatt”) announces, further to its news release dated April 8, 2026, that the Company has issued 3,066,254 common shares in the capital of the Company (the “Shares”) at a deemed price of $0.185 per Share to certain creditors of the Company (the “Creditors”) in settlement of an aggregate of $567,257 in debts owing to the Creditors for consulting, legal and administrative services provided to the Company (the "Shares for Debt Settlement"), including the issuance of a total of 539,113 Shares for settlement of $99,736 owed to an officer and director of the Company.","length":753,"tagName":"p"},{"type":"text","content":"All the Shares issued in connection with the Shares for Debt Settlement are subject to a statutory hold period of four months plus a day ending on August 30, 2026, in accordance with applicable securities legislation and policies of the Canadian Securities Exchange (the “CSE”).","length":278,"tagName":"p"},{"type":"text","content":"Related Party Transaction","length":25,"tagName":"p"},{"type":"text","content":"The participation of an officer and director of the Company (in his capacity as an officer) in the Shares for Debt Settlement constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemption from the formal valuation and minority shareholder approval requirements of MI 61-10...