Business
FutureGen Industries Announces Shares for Debt Settlement
VANCOUVER, BC / ACCESS Newswire / March 9, 2026 / FutureGen Industries Corp. (formerly Right S...
About this update from Futuregen Industries Corp.
[{"type":"text","content":"FutureGen Industries Announces Shares for Debt SettlementVANCOUVER, BC / ACCESS Newswire / March 9, 2026 / FutureGen Industries Corp. (formerly Right Season Investments Corp.) (TSXV:LITT)(Frankfurt:T500, WKN:A41WY4) (\"FutureGen Industries\" or the \"Company\") announces that it has entered into a debt settlement agreement with a director of the Company (the \"Creditor\") dated March 9, 2026 (the \"Settlement Agreement\") pursuant to which the Company has agreed to issue the Creditor 100,800 common shares of the Company (each, a \"Share\" and, collectively, the \"Shares\") at a deemed price of $ 0.25 per Share in settlement of $25,200 of outstanding indebtedness (the \"Settlement\"). The Settlement is subject to approval of the TSX Venture Exchange.The securities issued constitute a Related Party Transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holdings in Special Transactions (\"MI 61-101\"). The Company relied on exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Shares, nor the consideration paid for the Shares, exceeded 25% of the Company's market capitalization.The Company did not file a material change report more than 21 days before the expected closing of the Settlement because the details were not settled until shortly prior to closing of the Settlement and the Company wished to close on an expedited basis for business reasons.About FutureGen Industries Corp.FutureGen Industries Corp. is a Canadian venture capital, investment and advisory firm that strives to actively drive innovation and accelerate growth for its shareholders. FutureGen invests capital into private and public companies that offer excellent growth opportunities.Contact:Kristian Thorlund, CEOTel: 1 833 383 9900Email: [email protected] and Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.This news release contains \"forward-looking information\" within the meaning of applicable securities laws, including statements regarding the issuance of the Shares and obtaining regulat...