AlphaGen Announces Proposed Debt Settlement

VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) -- AlphaGen Intelligence Corp. (CSE: AIC | OTC: APETF | FSE: W4V) (“AlphaGen'' or the “Company”) announces that it intends to settle outstanding debts in an amount of $329,370 owed to certain creditors of the Company, including Eli Dusenbury (a director and the CFO of the Company), through the issuance of 2,251,330 common shares ( “Shares”) at a deemed price of $0.1463 per Share (the “Debt Settlement”). The Shares proposed to be issued pursuant to the Debt Settlement will be subject to a statutory four month and one day hold period in accordance with applicable securities laws. The closing of the Debt Settlement will be subject to certain customary conditions precedent, including the Company’s receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. The Debt Settlement is expected to close on or about July 10, 2025.