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Izotropic settles $100K debt by issuing shares and warrants to lender under new agreement

Company Fundamentals
21 Apr 2026
Newsfile Corp
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Neutral
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Izotropic Corporation has reached a debt settlement with a lender to resolve $100,000 of a $2 million promissory note issued in April 2022. The company will issue 500,000 units, each consisting of one common share and one warrant to buy an additional share at $0.20, to settle this portion of the debt. The warrants are exercisable for three years, and all securities will be subject to a four-month hold period. This move helps Izotropic manage its liabilities while awaiting approval from the Canadian Securities Exchange to complete the settlement.

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