AlphaGen Unveils Strategic Debt Settlement Plan to Strengthen Financials
AlphaGen Intelligence Corp. Announces Debt Settlement Plan
Overview of Debt Settlement
VANCOUVER, British Columbia – On July 3, 2025, AlphaGen Intelligence Corp. (CSE: AIC | OTC: APETF | FSE: W4V) revealed its intention to resolve outstanding debts totaling $329,370 owed to various creditors, including Eli Dusenbury, the Company’s CFO and director. This resolution will be executed through the issuance of 2,251,330 common shares at a deemed price of $0.1463 per share. The shares issued will be subject to a statutory hold period of four months and one day, in compliance with relevant securities regulations. The completion of this debt settlement is contingent upon customary conditions, including the necessary regulatory approvals from the Canadian Securities Exchange, with an expected closing date around July 10, 2025.
Related Party Transaction Disclosure
Due to Mr. Dusenbury’s involvement in this debt settlement, it qualifies as a “related party transaction” under Multilateral Instrument 61-101, which governs the protection of minority securityholders in special transactions. The Company is utilizing exemptions from formal valuation and minority approval requirements as outlined in sections 5.5(a) and 5.7(1)(a) of MI 61-101, since the fair market value of this transaction related to Mr. Dusenbury does not exceed 25% of the Company’s market capitalization.
About AlphaGen Intelligence Corp.
AlphaGen Intelligence Corp. operates as a publicly traded entity with a diverse portfolio in gaming, entertainment, eCommerce, and retail sectors. Its operational units include Shape Immersive, a comprehensive metaverse studio focused on developing web3 gaming and virtual retail experiences for major corporations through advanced 3D and spatial computing technologies. Additionally, MANA serves as a SaaS solution and innovation lab, assisting partner companies in enhancing community engagement by launching their own gaming platforms. Notable clients and partners of AlphaGen include RTFKT, the Olympics, Red Bull, Intel, and TED. For more information, visit AlphaGen’s website.
Contact Information
For inquiries, please reach out to:
- Investor Relations: [email protected] | 604-359-1256
- Media and Public Relations: [email protected]
Statement from the Board
Eli Dusenbury
CFO and Director
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that pertain to anticipated future events or performance. Terms such as “could,” “intend,” “expect,” “believe,” “will,” “projected,” and similar expressions are used to identify these statements, which are based on the Company’s current beliefs or assumptions regarding future outcomes. Specifically, this release discusses the Debt Settlement, including its amount and expected closing date.
Various assumptions or factors are typically considered when making forecasts or projections, including the expectation that the Canadian Securities Exchange will approve the Debt Settlement as planned. While management believes these assumptions are reasonable, there is no guarantee that any forward-looking information will be accurate. Such information is subject to known and unknown risks, uncertainties, and other factors that could lead to actual results differing significantly from those anticipated. These factors include the possibility that the Debt Settlement may not close as expected or at all, particularly if the Canadian Securities Exchange does not grant approval. The forward-looking statements in this release are made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information unless required by applicable securities laws. Investors are advised to exercise caution and not place undue reliance on forward-looking information.
Note: The Canadian Securities Exchange has not reviewed or approved the contents of this press release.
