Business
Sanwire Corporation Receives First Settlement Offer to Cancel Over 1.3 Billion Common Shares along with associated Debts and Dismiss the Lawsuits
POINT ROBERTS, Wash., May 26, 2026 (GLOBE NEWSWIRE) -- Sanwire Corporation ("Sanwire" or the "Company") (OTCID: SNWR), a diversified company with a focus on aggregating technologies within a number of industries, announces that it has received a settlement offer (“Settlement Offer”) to resolve and dismiss lawsuits between Sanwire and Trillium Partners, LP (“Trillium”), Delaware-based Intercept Music, Inc. (“Intercept Music”), and Nevada-based Intercept Music Group, Inc. (“Intercept Group”). The
About this update from Sanwire Corp.
[{"type":"image","alt":"Sanwire Corp.","displaySize":"","headline":null,"caption":"Sanwire Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":99,"url":"https://media.zenfs.com/en/globenewswire.com/904d551edd62fcad33e0a0e60151180d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/oQ4SNpLJ7vwKTDzEaaIY4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzOQ--/https://media.zenfs.com/en/globenewswire.com/904d551edd62fcad33e0a0e60151180d","width":300,"height":99},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/oQ4SNpLJ7vwKTDzEaaIY4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzOQ--/https://media.zenfs.com/en/globenewswire.com/904d551edd62fcad33e0a0e60151180d","width":300,"height":99}},"lazy":false},{"type":"text","content":"POINT ROBERTS, Wash., May 26, 2026 (GLOBE NEWSWIRE) -- Sanwire Corporation ("Sanwire" or the "Company") (OTCID: SNWR), a diversified company with a focus on aggregating technologies within a number of industries, announces that it has received a settlement offer (“Settlement Offer”) to resolve and dismiss lawsuits between Sanwire and Trillium Partners, LP (“Trillium”), Delaware-based Intercept Music, Inc. (“Intercept Music”), and Nevada-based Intercept Music Group, Inc. (“Intercept Group”). The Settlement Offer stipulated:","length":548,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Intercept Music would return for cancellation 1,361,566,319 of Sanwire’s common stock issued and held by Intercept Music insiders, investors, service providers, consultants and partners; and","length":190,"tagName":"p"}]},{"val":[{"type":"text","content":"Intercept Music would return for cancellation 8,853,000 of Sanwire’s Series C Preferred stock issued and held by Intercept Music insiders; and","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Sanwire would be relieved from all debts (convertible notes or otherwise) that was incurred from acquiring Intercept Music including Trillium’s outstanding debt balance of at least $135,513.","length":190,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":522,"olType":false},{"type":"text","content":"The Settlement Offer didn’t address monetary compensation, expenses reimbursement and Trillium’s six debt conversions.","length":118,"tagName":"p"},{"type":"text","content":"“In the next few days, Sanwire will be submitting a...