Big Tree Announces Postponement of Related Party Debt
Toronto, Ontario – TheNewswire - August 17, 2026 – Big Tree Carbon Inc. (the “Company” or “Big Tree”) (TSXV:BIGT) is pleased to advise that certain related party debts have been postponed for two (2) years.
The Company has entered into postponement agreements dated August 17, 2026 with four creditors of the Company (the “Postponed Creditors”) with respect to an aggregate of $1,130,284.61 of debt (the “Debt”) owed to two officers of the Company, a law firm of which an officer and director of the Company is a partner and a former director of the Company. In consideration for the payment of $62,324.68, being approximately 5.5% of the Debt, the repayment of the amount of $1,067,959.93 (the “Postponed Debt”) will be postponed until August 17, 2028 (the “Postponement of Debt”). The Postponed Creditors will have no right to repayment of the Postponed Debt or take any action in respect of the Postponed Debt and no right to exercise and enforce any remedies in relation to the Postponed Debt until August 17, 2028.
This will convert the Postponed Debt to a long-term liability that will not affect current working capital. As a result of the funds received from the settlement of the ADLP Promissory Note (see Press Release dated May 20, 2026) and the conversion of the Postponed Debt to a long-term liability, along with the reclassification of some historical third party liabilities to long term, the Company has a positive working capital position.
The Postponement of Debt in respect of three officers and directors of the Company in the amount of $994,168.93 (the “Insider Postponement of Debt”) is a related party transaction as a result of the fact that the debt being postponed is owed to parties related to the Company. The Insider Postponement of Debt is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contained in sections 5.5(g) and 5.7(1) (e) of MI 61-101 relating to financial hardship. The Insider Postponement of Debt is exempt from the formal valuation and minority approval requirements of MI 61-101 because the Company is in serious financial difficulty and the postponements of these debts are intended to improve the financial position of the Company. In addition, the postponement of $994,168.93 of debt in consideration for the nominal payment of $52,324.68 to the related parties is submitted to be reasonable in the circumstances when the postponements of debt for a period of two years will facilitate the reduction in current liabilities such that the Company will be in a positive working capital position following the Insider Postponement of Debt.
ABOUT BIG TREE CARBON INC.
Big Tree Carbon Inc. is an indigenous-led publicly-traded mineral resource company based in Ontario, Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Big Tree Carbon Inc.
Christopher Angeconeb
President and C.E.O.
(807) 737-5353
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Big Tree undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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