VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE:RFLX) (OTCQB:RFLXF) (FSE:HF2) ("Reflex" or the "Company"), announces that it has entered into debt settlement agreements (the "Agreements") with an officer, service provider, and consultants of the Company.
Pursuant to the Agreements, the Company has agreed to settle debts in the aggregate amount of $420,000 through the issuance of 2,800,000 units (each, a "Unit") at a deemed price of $0.15 per Unit, with each Unit being comprised of one (1) common share in the capital of the Company (each a "Share") and one (1) Share purchase warrant (a "Warrant"). Each Warrant will be convertible into one Share (a "Warrant Share") at a price of $0.20 for a period of two (2) years.
One of these Agreements constitutes a "related party transaction" as defined in Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as a company owned and controlled by an officer of the Company is a party to the Agreement. The Company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101, as the Fair Market Value of the transaction contemplated by the said Agreement with the officer will not exceed 25% of the Company's Market Capitalization, as such term is ...
