Alaska Energy Metals Corp Issues Shares for Debt Settlement

Alaska Energy Metals Corporation, listed on TSXV and OTCQB, announced the issuance of 6,921,087 common shares at $0.10 each. This move settles a debt of $599,408.70 owed to service providers. Among these, 1,118,670 shares were issued to Non-Arm's Length Parties, addressing $111,867.00 in obligations.

The shares are subject to a four-month hold period under Canadian securities law, ending on April 10, 2026. The company's board approved the settlements without requiring a formal valuation or minority shareholder approval, adhering to Multilateral Instrument 61-101. A material change report was not filed 21 days prior to the settlement closure, owing to the company's intent to enhance its financial stance promptly.