BrandPilot AI Concludes Debt Settlement Agreement

BrandPilot AI Inc. (CSE:BPAI), a Toronto-based marketing technology company, has finalized its previously announced debt settlement. The company issued 12,831,725 units at $0.02 each, settling $256,634.50 of debt. This includes $191,634.50 in payables and cash advances and $65,000 from a matured convertible debenture, initially issued at $50,000, with $15,000 as interest.

Each unit comprises one common share and a warrant, allowing acquisition of an additional share at $0.05 within two years. Warrants may expire early if shares trade at or above $0.15 for 20 consecutive days. CEO Brandon Mina highlighted this move as a step toward improving BrandPilot's financial strength and focusing on growth.

Included in the settlement was a related party transaction with 2674779 Ontario Limited for $2,937. Exemptions under MI 61-101 applied as the transaction did not exceed 25% of the market cap.