EDMONTON, Alberta, October 20, 2025 (Access Newswire) – Agereh Technologies Inc. (“Agereh” or the “Company“) (TSXV:AUTO) (OTCQB: CRBAF) announces that the Company has entered into debt settlement agreements with certain service providers of the Company to settle an aggregate of $393,540 outstanding debt (the “Debt”) through the issuance of 1,574,158 common shares of the Company (“Settlement Shares”) at a deemed price of $0.25 per Settlement Share (the “Shares for Debt Transaction”). The debt settlement agreements are subject to the approval of the TSX Venture Exchange and upon issuance, the Settlement Shares will be subject to a four-month hold period.
The Company’s board of directors has determined that it is in the best interests of the Company to settle the outstanding Debt through the issuance of common shares in order to preserve the Company’s cash for ongoing operations.
Pursuant to the proposed Shares for Debt Transaction, 18,000 Settlement Shares are to be issued to a related party of the Company. The issuance of the Settlement Shares to the related party will be considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company expects that such issuance of securities to the related party will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Sections 5.5(a) and 5.7(1)(a) thereof, as the Company is listed on the TSXV and the expected fair market value of the securities being issued to related parties does not exceed 25% of the Company’s market capitalization.
About Agereh Technologies Inc.
Agereh is a Canadian-based AI technology company whose platforms target advanced technology solutions for the transportation industry. The first application developed is harnessing the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Upcoming products will continue to deliver advanced technology solutions that address critical challenges in the transportation industry.
ON BEHALF OF THE BOARD OF DIRECTORS OF AGEREH TECHNOLOGIES INC.
Ken Brizel, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Ken Brizel
CEO
info@agereh.com
Website: www.agereh.com
Notice Regarding Forward-Looking Information:
This news release contains forward-looking statements including but not limited to statements regarding the Company’s business, assets or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and prospects of the Company.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
