City View Green settles $897K debt by issuing 12.8M shares, boosting CEO's stake to 15.6%.

City View Green Holdings Inc. issued 12,815,807 common shares at $0.07 each to settle $897,106.66 in debt, including 9,596,685 shares to directors and officers. CEO Rob Fia received 4,953,828 shares, increasing his ownership from 9.7% to 15.6% of outstanding shares. This debt settlement is exempt from certain regulatory approvals due to the company's market status and transaction size. The shares are held for investment, and the CEO may buy or sell shares in the future. This move helps the company manage its liabilities while consolidating insider ownership.