Executive Chairman Boosts Share Ownership by 2.4 Million Shares at $0.82 Each via Debt Settlement

Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) has announced a significant debt settlement with EAM Enterprises Inc. (EAM), controlled by the Company's founder and Executive Chairman, Gordon Reykdal. The settlement involves the issuance of 2,439,024 common shares at a deemed price of $0.82 per share, totaling $2 million, to settle a portion of the Company's outstanding indebtedness to EAM. This transaction not only reduces EPF's debt but also increases Gordon Reykdal's share ownership in the Company.

The debt settlement is a strategic move by EPF to improve its financial health and liquidity. By reducing its debt to EAM, the Company preserves cash, which can be reinvested into its operations and growth initiatives. This is particularly beneficial for EPF's Revenue Cycle Management (RCM) business pillar, which is a key driver of its growth strategy.

The issuance of shares to EAM as part of the debt settlement may result in a dilution of existing shareholders' ownership and a change in the Company's voting power dynamics. However, this dilution is offset by the reduction in debt, which is a positive move for the Company's long-term financial health. The debt settlement also strengthens the relationship between EPF and its founder and Executive Chairman, Gordon Reykdal, who has demonstrated his commitment to the Company's growth and success.

In conclusion, the debt settlement between Everyday People Financial Corp. and EAM Enterprises Inc. is a strategic move that improves the Company's financial position, strengthens its relationship with its founder and Executive Chairman, and has potential implications for its future growth and strategic decisions. While the issuance of shares may result in a dilution of existing shareholders' ownership and a change in voting power, the reduction in debt is a positive move for the Company's long-term financial health.