37 Capital clarifies settlement shares
NEWS RELEASE
Symbols: JJJ - CSE
37 Capital clarifies settlement shares
Vancouver, BC – July 24, 2025. 37 Capital Inc. (CSE: JJJ) (“37 Capital” or the “Company”) wishes to announce that further to the Company’s news release dated July 23, 2025, the debt settlement agreement being entered into is with a non-arm’s length party (the “Creditor”) for the total amount of $119,700. The Company shall issue to the Creditor 1,330,000 common shares at a deemed price of $0.09 per share, as full and final settlement of the outstanding amount. All securities that may be issued in connection with this transaction will be subject to a four-month and a day hold period and other applicable restrictions under securities laws.
Related Party Transaction
The Creditor is considered to be a related party transaction within the meaning of Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party transaction is exempt from minority approval, information circular and formal valuation requirements pursuant to the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities being issued nor the debt settlement amount exceed 25% of the Company’s market capitalization.
For more information on the Company, you may contact us at (604) 681-0204, or visit the Company’s website at www.37capitalinc.com, or the CSE’s website by using the following direct link: http://thecse.com/en/listings/mining/37-capital-inc.
On Behalf of the Board of 37 Capital Inc.,
“Jake H. Kalpakian”
____________________ Jake H. Kalpakian, President and CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Trading in the securities of the Company should be considered speculative.
Certain statements contained herein are “forward-looking”. Forward-looking statements may include, among others, statements regarding future plans, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as “may”, “would”, “could”, “will”, “likely”, “enable”, “feel”, “seek”, “project”, “predict”, “potential”, “should”, “might”, “objective”, “believe”, “expect”, “propose”, “anticipate”, “intend”, “plan”, “plans” “estimate”, and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.
37 Capital Inc.
Suite 575, 510 Burrard Street Vancouver, BC V6C 3A8 Tel: (604) 681-0204 Fax: (604) 681-9428 www.37capitalinc.com email: [email protected]