Zefiro Methane Eliminates $1.79M Debt and Secures $447.5K Liquidity
Zefiro Methane Corp. has successfully eliminated $1.79 million in debt through loan satisfaction agreements with three creditors and secured $447,500 in cash. The creditors exercised equity warrants, with a portion of the exercise price offsetting the debt, and Zefiro issued shares to cover the remaining obligations. This transaction significantly reduces the company's debt maturities for 2026 by approximately 64%, although a separate loan of $690,000 remains outstanding.
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Zefiro Methane Corp. entered loan satisfaction agreements with three creditors to eliminate $1,790,000 in debt and secure $447,500 in cash. The creditors exercised 10,790,000 equity warrants, with 75% of the exercise price offset against the debt and 25% paid in cash.
Zefiro issued 1,409,589 shares for the remaining debt and 1,014,904 shares for accrued interest. The funds will be used for debt retirement and working capital. This transaction reduces 2026 debt maturities by approximately 64%. A separate $690,000 loan remains outstanding.
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