Principal Technologies Issues Shares to Settle CA$534,467 of Debt
MT newswire2026/10/07 17:1501:15 PM EDT, 10/07/2026 (MT Newswires) -- Principal Technologies (PTEC.V) entered into debt settlement agreements with certain creditors to settle CA$534,467.00 in outstanding debt, it said n Wednesday. The outstanding debt was settled through the issuance of 1.1-million shares of the company at a deemed price of CA$0.50 each. The company agreed to settle CA$118,025.00 owing to an arm's-length creditor for technical services provided, and CA$416,442.00 in debt owing to a non-arm's-length creditor for corporate consulting services provided, it said. The company's shares last traded Oct. 6, closing at CA$0.32 on the TSX Venture Exchange.
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