Telescope Reveals Agreement on Debt Settlement

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Oct 23 2025

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Source: Yahoo Finance

Debt Settlement Announcement: Telescope Innovations Corp. has agreed to settle CAD $100,000 in outstanding indebtedness by issuing 689,654 common shares, including 344,827 shares to Chief Technology Officer Jason Hein.
Loan Facility Details: The company has a secured loan facility of CAD $1,200,000 with a 6.95% interest rate, maturing on June 1, 2026, and will also settle CAD $100,000 of this loan through the issuance of shares.
Related Party Transaction: The issuance of shares to Jason Hein is classified as a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval.
Forward-Looking Information Disclaimer: The news release includes forward-looking information, which is subject to risks and uncertainties, and the company disclaims any obligation to update such information unless required by law.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.