New Wave Announces Shares for Debt Settlements

/EIN News/ -- VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) -- New Wave Holdings Corp. (the “Company” or “New Wave”) (CSE: NWAI, FWB: 0XM0, OTCPK: TRMNF) announces the Company has entered into debt settlement agreements for an aggregate of $348,640 in debt (the “Debt”). In settlement of the Debt, the Company will issue an aggregate of 6,972,800 common shares in the capital of the Company (the “Debt Shares”) at a deemed price of $0.05 per Debt Share (the “Debt Settlement”). The indebtedness relates to outstanding fees owing to service providers to the Company.

All Common Shares issued in connection with the Debt Settlement are subject to a statutory four month hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. Closing of the Issuance is subject to certain conditions including the receipt of all necessary regulatory approvals including the approval of the CSE.

ABOUT NEW WAVE HOLDINGS CORP.

New Wave Holdings Corp. (CSE: NWAI, FWB: 0XM0, OTCPK: TRMNF) is an investment issuer that has been focused on supporting innovative and fast-growing companies within the esports, NFT, Metaverse, Blockchain, and Web3 sectors. It intends to also identify accretive acquisitions within a wider strategic scope, including exploring entry into the emerging AI market.

Investors interested in connecting with New Wave Holdings can learn more about the company and contact the team at http://newwavecorp.com.

For further information please contact: Geoff Balderson, Chief Financial Officer, New Wave Holdings Corp., (604) 602-0001

ON BEHALF OF THE BOARD of DIRECTORS

Anthony Zelen
Director

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement Cautions:

This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation. Although the Company believes that such statements are reasonable, it can give no assurance that these expectations will prove to be correct. Forward-looking statements are not historical facts and by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management at the time the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that these statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the Canadian Securities Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.