Business
Zefiro Methane Strengthens Balance Sheet by Eliminating USD $1,790,000 in Debt and Securing USD $447,500 in Additional Liquidity
Fort Lauderdale, Florida--(Newsfile Corp. - January 28, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") announced today it has entered into loan satisfaction agreements (the "Loan Satisfaction Agreements") with three creditors (the "Creditors") to eliminate an aggregate of USD $1,790,000 in outstanding debt pursuant to a secured loan received by a subsidiary of the Company from the Creditors in May 2025 (the "Secured Loan") and add.
About this update from Zefiro Methane Corp.
[{"type":"text","content":"Fort Lauderdale, Florida--(Newsfile Corp. - January 28, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") announced today it has entered into loan satisfaction agreements (the "Loan Satisfaction Agreements") with three creditors (the "Creditors") to eliminate an aggregate of USD $1,790,000 in outstanding debt pursuant to a secured loan received by a subsidiary of the Company from the Creditors in May 2025 (the "Secured Loan") and add approximately USD $447,500 in cash to the balance sheet.","length":616,"tagName":"p"},{"type":"text","content":"Pursuant to the Loan Satisfaction Agreements, the Creditors agreed to exercise an aggregate of 10,790,000 common equity warrants (the "Warrants") previously issued by the Company to the Creditors in May 2025. 75% of the aggregate exercise price of the Warrants was satisfied through a dollar-for-dollar set-off against principal amounts owing by Zefiro to the Creditors under the Secured Loan (the "Set-Off Amount") and the remaining 25% of the aggregate exercise price of the Warrants (approximately USD $447,500) was paid by the Creditors to Zefiro in cash.","length":579,"tagName":"p"},{"type":"text","content":"After giving effect to the application of the Set-Off Amount, the remaining 25% of the aggregate principal amount of the Secured Loan owing to the Creditors was settled through the issuance of an aggregate of 1,409,589 common shares in the capital of Zefiro at a deemed price of CAD $0.44 per share (collectively, the "Equitization Shares"). In addition, Zefiro issued an aggregate of 1,014,904 common shares at a deemed price of CAD $0.44 per share to the Creditors representing the interest (18% per annum) that would otherwise have accrued and been payable to the Creditors if their portion of the Secured Loan had remained outstanding until maturity (such shares, together with the Equitization Shares, being the "Debt Shares").","length":752,"tagName":"p"},{"type":"text","content":"The Company intends to use the approximately USD $447,500 raised from the exercise of the Warrants to retire other near-term debt and for general working capital purposes.","length":171,"tagName":"p"},{"type":"text","content":"As a result of this transact...