Sanwire Files Default Notice Against Intercept Music to Commence Share and Debt Cancellations
Point Roberts, WA – October 7, 2026 - Sanwire Corporation ("Sanwire" or the "Company") (OTCID: SNWR), a diversified company with a focus on aggregating technologies within a number of industries, announces the filing of a default notice in Clark County, Nevada District Court (Case No. A-25-923008-C) (the “Default Notice”) against Delaware-based Intercept Music, Inc. (“Intercept Music”) and Nevada-based Intercept Music Group, Inc. (“Intercept Group”); collectively the Defendants. The court filing date was September 28, 2026.
Upon receiving a stamped copy of the Default Notice, expected in the next few days, Sanwire will file its default judgment (the “Default Judgement”) against the Defendants seeking monetary cash reimbursement and the cancellation of:
· 1,361,566,319 common shares; and
· 8,853,000 Series G preferred shares convertible to common shares; and
· $1,140,000 plus interest and penalties in promissory notes; and
· $170,000 plus interest and penalties in convertible promissory notes; and
· The balance of Trillium’s convertible note including interest, penalties and all other associated fees.
With the district court’s current backlog, Sanwire is expecting to receive court approval/authorization to cancel shares and debt in four to six weeks from filing the Default Judgement. All figures and amounts will be confirmed by the Company’s Transfer Agent and accounting department.
About Sanwire Corporation
Sanwire Corporation is a diversified company with a focus on aggregating technologies within a number of industries. For more information, visit sanwire.com
For press and corporate inquiries, please contact:
Ronald E. Hughes
CEO, Sanwire Corporation
ron.hughes.management@gmail.com
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