Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (186272)	2/24/2025 4:10:16 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Claren Energy (CEN.H-V) new 52 week high, 25 cents on lite vol.

To: Goose94 who wrote (186272)	3/19/2025 5:25:27 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Claren Energy (CEN.H-V) Closes Shares For Debt Transaction March 18th 2025 - NR Claren Energy Corp. has closed its previously announced transaction to settle total outstanding indebtedness of $629,799, consisting of loans payable of $569,799 and consulting fees of $60,000, owed to certain creditors through the issuance of 5,248,325 common shares at a price of 12 cents per share. Of the $569,799 of loans payable, a total of $479,799 consists of cash loans, including accrued interest, by Pacific World Energy and Professional Trading Services, which are non-arm's-length parties to the company. Prior to entering into the shares-for-debt transaction, the non-arm's-length loans were assigned to arm's-length creditors for nominal consideration. Accordingly, the 3,998,325 common shares issued to settle the $479,799 of non-arm's-length loans will be subject to the Tier 2 value escrow requirements as set forth in the TSX Venture Exchange Policy 5.4. All shares issued in connection with the shares-for-debt transaction are subject to a four-month-and-a-day hold period in accordance with applicable securities laws. Nico Civelli, a director of the company, settled $30,000 of indebtedness through the issuance of 250,000 shares at a price of 12 cents per share. As such, the shares-for-debt transaction constitutes a related-party transaction under Multilateral Instrument 61-101. The shares-for-debt transaction is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 as the fair market value of the shares to be issued to the insider does not exceed 25 per cent of the company's market capitalization. About Claren Energy Corp. Claren is a company continued under the laws of the Business Corporations Act (British Columbia). Claren is listed on the TSX Venture Exchange, and has been actively evaluating and seeking alternative business. Claren Energy Corp. Mark Lawson, Director T: +1 647 302 0393