CleanGo Innovations Inc. Announces Debt Settlement
(TheNewswire)
VANCOUVER, BC – February 9, 2026 – TheNewswire -CleanGo InnovationsInc. (CSE: CGII; OTCQB: CLGOF; FRA: APO2)(“CleanGo” or the “Company”), a pioneer in proprietary greenchemistry and sustainable industrial solutions, is pleased to announce that it has entered into debtsettlement agreements (the “Agreements”) with certain vendors, includingdirectors and officers of the Company, to settle an aggregateindebtedness of $308,801 (the “Debt”). Pursuant to the Agreements, theCompany will issue an aggregate of 686,223 common shares in thecapital of the Company (the “Shares”) at a deemed price of $0.45 perShare in full and final settlement of the Debt (the “DebtSettlement”). The Debt Settlement is intended to improve theCompany’s working capital position and support its ongoing businessactivities.
In connection with the Debt Settlement, the Companywill issue an aggregate of 519,557 common shares to directors andofficers of the Company (the “InsiderIssuances”) in settlement of outstanding amounts owed for unpaidservices. The Insider Issuances constitute a "related party transaction" withinthe meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders inSpecial Transactions ("MI 61-101").The Company is relying on the exemptions fromthe formal valuation and minority shareholder approval requirementsunder Sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of theInsider Issuances does not exceed 25% of the Company’s marketcapitalization.
All shares to be issued in connectionwith the Debt Settlement will be subject to ahold period of four months and one day from the date of issuance, inaccordance with applicable Canadian securities laws.
The completion of the Debt Settlement is subject to thesatisfaction of customary closing conditions and the receipt of allrequired regulatory approvals, including the approval of the CanadianSecurities Exchange. (“CSE”).
About CleanGo Innovations Inc.
CleanGo Innovations Inc. is an international publiclytraded company specializing in the development of proprietary,certified green, and sustainable solutions for industrial, commercial,and retail applications. With manufacturing operations across Northand South America, and now Saudi Arabia, CleanGo is dedicated toreplacing toxic chemicals with high-performance greenalternatives.
On behalf of the CEO & Board ofDirectors
Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.
For More information Contact:
Phone 1 346 202 6202
Forward-looking Information
This news release contains certain forward-looking statements withinthe meaning of applicable securities laws, including statementsrelating to the proposed Debt Settlement, the issuance of commonshares thereunder, the receipt of required regulatory approvals, andthe Company’s intention to conserve cash for ongoing operations andstrategic initiatives. Forward-looking statements are based onmanagement’s current expectations, estimates, and assumptions as ofthe date of this news release and are subject to known and unknownrisks, uncertainties, and other factors that may cause actual resultsor events to differ materially from those expressed orimplied.
Such risks and uncertainties include, without limitation, the riskthat the proposed Debt Settlement may not be completed on the termscontemplated or at all, the failure to obtain required regulatoryapprovals, and general business, economic, and market conditions.Readers are cautioned not to place undue reliance on forward-lookingstatements. The Company undertakes no obligation to update or reviseany forward-looking statements, except as required by applicablesecurities laws.
Copyright (c) 2026 TheNewswire - All rights reserved.
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