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FutureGen Industries Announces Shares for Debt Settlement
FutureGen Industries Corp., based in Vancouver, has entered into a debt settlement agreement with a company director. The arrangement, dated March 9, 2026, includes issuing 100,800 common shares at $0.25 each to settle an outstanding debt of $25,200. This settlement awaits approval from the TSX Venture Exchange.
The transaction is classified as a Related Party Transaction under Multilateral Instrument 61-101 but is exempt from formal valuation and minority approval due to its market capitalization. Details were finalized shortly before the closing, preventing an earlier material change report.
FutureGen Industries, a Canadian venture capital firm, aims to drive innovation through investment in growth-oriented private and public companies.
R. E.
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