Vancouver, British Columbia–(Newsfile Corp. – March 25, 2026) – Universal Digital Inc. (CSE: LFG) (FSE: 8R20) (OTCQB: LFGMF) (“Universal Digital” or the “Company”) announces that it has entered into a debt settlement agreement dated March 25, 2026 (the “Debt Settlement Agreement”) with a creditor, pursuant to which the Company has agreed to settle indebtedness in the amount of C$29,933.75 through the issuance of 332,597 common shares of the Company (the “Shares”) at a deemed price of C$0.09 per Share.
The issuance of the Shares is subject to acceptance by the Canadian Securities Exchange (the “CSE”). Upon issuance, the Shares will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and CSE policies. The creditor is an arm’s length party to the Company.
About Universal Digital Inc.
Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.
For further information contact:
Chris Yeung
Chief Executive Officer and Director
Email: ir@universaldigital.io
Phone: (289) 646-6252
www.universaldigital.io
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking statements are generally identified by the use of words such as “expects”, “anticipates”, “believes”, “intends”, “plans”, “may”, “will”, “could”, “should”, “estimate”, “potential”, “proposed” and similar expressions, or statements that certain events or conditions “may” or “will” occur.
Forward-looking statements in this news release include, but are not limited to, statements relating to the completion of the debt settlement, the issuance of the Shares, receipt of acceptance from the Canadian Securities Exchange, the expected effect of the debt settlement on the Company’s balance sheet and capital structure, and the Company’s future business plans and strategic initiatives. Such forward-looking statements are based on management’s current expectations and assumptions, including assumptions regarding receipt of CSE acceptance, the Company’s ability to complete the issuance of the Shares on the terms described herein, general business and market conditions, the availability of capital, and the absence of material adverse changes affecting the Company or its assets.
Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that CSE acceptance may not be obtained on the expected timeline or at all, risks relating to market conditions and volatility, fluctuations in digital asset markets, regulatory developments, general economic conditions, and other risks described in the Company’s most recent annual information form and other continuous disclosure documents available under the Company’s profile on SEDAR+.
Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are made as of the date of this news release, and the Company does not undertake any obligation to update or revise any forward-looking statements except as required by applicable securities laws.
Source: https://www.newsfilecorp.com/release/289901/Universal-Digital-Inc.-Announces-Debt-Settlement
