TGX Completes Shares for Debt Transactions
1
TGX ENERGY & RESOURCES INC.
Suite 1600, 409 Granville Street
Vancouver, BC, V6C 1T2
TGX Completes Shares for Debt Transactions
Vancouver, BC – May 21, 2026 –TGX Energy & Resources Inc. (TSXV: TGX, the "Company”) reports
that the Company announces that it has closed its previously announced debt settlement
transaction (see the Company’s news releases dated February 4, 2026 and March 27, 2026).
Pursuant to debt settlement agreements dated as of March 27, 2026 with certain creditors
of the Company, the Company has issued an aggregate of 1,904,612 common shares of the
Company (“Shares”) at a deemed price of $0. 10 per Share and 952,256 warrants at an
exercise price of $0.13 per share for a period of one year from the date of issuance to settle
an aggregate of $ 190,451.20 in outstanding debt owed by the Company . The securities are
subject to a four month hold period expiring September 2 2, 2026 in accordance with
applicable securities laws and the policies of the TSX Venture Exchange.
On behalf of the Board of Directors of TGX Energy & Resources Inc.
"Sebastian Lowes" (signed)
Sebastian Lowes, CEO
For further information, contact:
Email: [email protected]
Neither the 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.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties. All statements other than statements of
historical fact are forward-looking statements, including, without limitation, statements regarding future
financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions,
partnerships, joint-ventures and strategic alliances and co -operations, budgets, cost and plans and
objectives of or involving the Company. Such forward -looking information reflects management's
current beliefs and is based on information currently available to management. Often, but not always,
forward-looking statements can be identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims",
"anticipates" or "believes" or variations (including negative variations) of such words and phrases or
may be identified by st atements to the effect that certain actions "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties
and other factors may cause the actual results or performance to materially differ from any future
2
results or performance expressed or implied by the forward-looking information. These forward-looking
statements are subject to numerous risks and uncertainties, certain of which are beyond the control
of the Company including, but not limited to, the impa ct of general economic conditions, industry
conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions
used in the preparation of such information, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be placed on forward -looking
statements. The Company does not assume any obligation to update or revise its forward -looking
statements, whether as a result of new information, future events, or otherwise, except as required by
securities laws.