(TheNewswire)
December 24, 2025 – Vancouver,
British Columbia – Fort Know-how Inc.
(TSXV:FORT) (the “Firm”) is happy to announce that it has
entered right into a debt settlement settlement dated December 24, 2025 (the
“Debt Settlement
Settlement”), with Jeffs’ Manufacturers Ltd (the
“Creditor), a management particular person of the Firm, whereby the Firm
agreed to concern to the Creditor and the Creditor agreed to simply accept
widespread shares of the Firm (the “Settlement Shares”)
at a deemed value per share equal to the present market value, in full
and closing settlement of accrued and excellent indebtedness within the
combination quantity of US$2,462,767.00 (the “Debt”), being
CAD$3,367,587.60
as transformed utilizing the Financial institution of Canada change fee on December
24, 2025 (the “Debt
Settlement”). The Debt was initially incurred
by Fort Merchandise Restricted, the Firm’s wholly owned UK subsidiary,
and Fort Merchandise LLC, the Firm’s wholly-owned US subsidiary, and
was assigned to the Firm pursuant to 2 project agreements every
dated November 12, 2025.
All securities to be issued beneath the Debt Settlement
might be topic to a 4 months and a day maintain interval pursuant to
relevant securities legal guidelines. The provided securities haven’t been
registered beneath the U.S. Securities Act of 1933, as amended, and should
not be provided or offered in america absent registration or an
relevant exemption from the registration necessities. This information
launch shall not represent a proposal to promote or the solicitation of
a proposal to purchase nor shall there be any sale of the securities in any
state wherein such supply, solicitation or sale could be
illegal.
The Firm will concern Settlement Shares pursuant to
the Debt Settlement to the Creditor, a “associated social gathering” of the
Firm, on this case constituting a “associated social gathering transaction”
as outlined beneath Multilateral Instrument 61-101 – Safety of Minority Securityholders in
Particular Transactions (“MI 61-101”). The
Firm is exempt from the necessities to acquire a proper valuation
and minority shareholder approval in reference to the participation
of the Creditor within the Debt Settlement in reliance on sections 5.5(a)
and 5.7(1)(a) of MI 61-101, as neither the truthful market worth of the
Debt Settlement nor the securities issued in connection therewith is
anticipated to exceed 25% of the Firm’s market capitalization.
The Firm didn’t file a fabric change report greater than 21 days
earlier than the anticipated closing of the Debt Settlement as the main points of
the Debt Settlement and the participation by the Creditor weren’t
settled till not too long ago and the Firm needs to shut the transaction
on an expedited foundation for sound enterprise causes.
On the request of the TSX Enterprise Change (the
“TSXV”), the Firm obtained approval from disinterested
shareholders representing a minimum of 50% of the widespread shares of the
Firm not held by the Creditor.
Concerning the Firm
Fort Know-how Inc. operates a enterprise as an
established producer and vendor specializing in a variety of newbie
{and professional} merchandise for the pest management and remedial restore
business. Fort Know-how Inc.’s materials subsidiary, Fort Merchandise
Restricted’s expertise commenced because the institution of its
materials subsidiary, in 2005 throughout the pest management business and it
prides itself on the technical information acquired in practically 20
years.
Extra Info for
Shareholders
For additional info, please contact:
Gabi Kabazo
Chief Government Officer
Fort Know-how Inc.
Phone: (604) 833-6820
E-mail: ir@impactacquisitions.web
Neither the TSX
Enterprise Change nor its Regulation Companies Supplier (as that time period is
outlined in insurance policies of the TSX Enterprise Change) accepts
accountability for the adequacy or accuracy of this launch.
This information launch comprises ahead
wanting info or statements throughout the that means of relevant
securities legal guidelines, which can embrace, with out limitation, statements
regarding the technical, monetary, and enterprise prospects of the
Firm, its belongings and different issues. All statements on this information
launch, aside from statements of historic information, that tackle
occasions or developments that the Firm expects to happen, are ahead
wanting info or statements. Though the Firm believes the
expectations expressed in such forward-looking info or
statements are based mostly on cheap assumptions, such statements are
not ensures of future efficiency and precise outcomes could differ
materially from these within the forward-looking info or
statements. Such statements and data are based mostly on quite a few
assumptions concerning current and future enterprise methods and the
atmosphere wherein the Firm will function sooner or later, the
skill to attain its targets, anticipated prices and timelines to attain
the Firm’s targets, that basic enterprise and financial situations
is not going to change in a fabric hostile method, and that financing will
be accessible if and when wanted and on cheap phrases. Such ahead
wanting info or statements displays the Firm’s views with
respect to future occasions and is topic to dangers, uncertainties and
assumptions, together with the dangers and uncertainties included in in
paperwork filed beneath the Firm’s profile on SEDAR+ at
www.sedarplus.ca. Whereas such estimates and assumptions are thought of
cheap by the administration of the Firm, they’re inherently
topic to important enterprise, financial, aggressive, and regulatory
uncertainties and dangers. Components that might trigger precise outcomes to
differ materially from these in ahead wanting info or
statements embrace, however should not restricted to, acquiring the requisite
regulatory and inventory change approvals, continued availability of
capital and financing and basic financial, market or enterprise
situations, failure to compete successfully with rivals, failure
to take care of or get hold of all essential permits, approvals and
authorizations, failure to adjust to relevant legal guidelines, together with
environmental legal guidelines, dangers regarding unanticipated operational
difficulties. The Firm doesn’t undertake to replace ahead wanting
statements or forward-looking info, besides as required by
regulation.
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