NU E Power Corp. Completes Shares for Debt Transaction

Rhea-AI Summary

Nu E Power Corp (CSE: NUE, OTC: NUEPF) has completed a shares-for-debt transaction to settle outstanding indebtedness of $275,000 with arm's length creditors. The company issued 833,333 common shares at varying prices:

• $175,000 of debt settled at $0.30 per share
• $100,000 of debt settled at $0.40 per share

The transaction closed on April 10, 2025, with all issued shares subject to a four-month and one-day hold period from the issuance date.

Positive

• Reduction of $275,000 in outstanding debt obligations
• Debt settlement achieved without cash expenditure
• Different share price tiers indicate varying creditor confidence levels

Negative

• Shareholder dilution through issuance of 833,333 new shares
• Use of equity to settle debt indicates possible cash flow constraints

Calgary, Alberta--(Newsfile Corp. - April 17, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") announces they have settled outstanding indebtedness of the Company in the aggregate amount of ‎$275,000 (the "Debt"), pursuant to the terms of debt settlement agreements with certain arm's length creditors (the "Creditors"). In settlement of the Debt, the Company issued an aggregate of ‎833,333‎ common shares in the capital of the Company (the "Common Shares") to the Creditors at a price of $0.30 per Common Share for $175,000 of debt and $0.40 per Common Share for $100,000 of debt (the "Shares for Debt"). The Shares for Debt transaction closed on April 10, 2025.

All Common Shares issued under the Shares for Debt are subject to a hold period of four months and ‎one day from the date of issuance.‎

About Nu E Power Corp.

Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.

Contact Information

For more information, please contact:

Investor Relations E-mail: info@nu-ecorp.com

John Newman, Chief Financial Officer E-mail: john@nu-ecorp.com

 

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor ‎disapproved of the contents of this press release.‎

This press release contains statements which constitute "forward‐looking information" within the meaning of applicable Canadian securities laws. Forward‐looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: regulatory approval with respect to the Shares for Debt;‎ changes in Nu E's business, general economic, business and political conditions, including changes in the financial markets; decreases in the prevailing prices for products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; regulations and enforcement priorities of governmental authorities; compliance with government regulation and related costs; and other risks described in the Listing Statement of Nu E posted on SEDAR+. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248983

FAQ

What is the total value of debt settled by Nu E Power Corp (NUEPF) in their recent transaction?

Nu E Power Corp settled a total debt of $275,000 through their shares-for-debt transaction.

How many common shares did NUEPF issue in the April 2025 debt settlement?

Nu E Power Corp issued 833,333 common shares to settle the outstanding debt.

What are the share prices used in NUEPF's 2025 debt settlement agreement?

The company issued shares at two price points: $0.30 per share for $175,000 of debt and $0.40 per share for $100,000 of debt.

When will the lock-up period end for NUEPF's shares issued in the debt settlement?

The shares are subject to a hold period of four months and one day from the April 10, 2025 issuance date.