02:33:32 EST Tue 10 Feb 2026
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CleanGo Innovations Inc. Announces Debt Settlement

2026-02-09 19:41 ET - News Release

(via TheNewswire)

CleanGo Innovations Inc.
 

VANCOUVER, BC – February 9, 2026 – TheNewswire - CleanGo Innovations Inc. (CSE: CGII; OTCQB: CLGOF; FRA: APO2) (“ CleanGo ” or the “ Company ”), a pioneer in proprietary green chemistry and sustainable industrial solutions, is pleased to announce that it has entered into debt settlement agreements (the “ Agreements ”) with certain vendors, including directors and officers of the Company, to settle an aggregate indebtedness of $308,801 (the “ Debt ”). Pursuant to the Agreements, the Company will issue an aggregate of 686,223 common shares in the capital of the Company (the “ Shares ”) at a deemed price of $0.45 per Share in full and final settlement of the Debt (the “Debt Settlement”). The Debt Settlement is intended to improve the Company’s working capital position and support its ongoing business activities.

In connection with the Debt Settlement, the Company will issue an aggregate of 519,557 common shares to directors and officers of the Compa ny (the “ Insider Issuances ”) in settlement of outstanding amounts owed for unpaid services. The Insider Issuances constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 –  Protection of Minority Security Holders in Special Transactions  (" MI 61-101 "). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements under  Sections 5.5(a)  and  5.7(1)(a)  of MI 61-101, respectively, as the fair market value of the Insider Issuances does  not exceed 25% of the Company’s market capitalization .

All shares to be issued in connection with the Debt Settlement will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

The completion of the Debt Settlement is subject to the satisfaction of customary closing conditions and the receipt of all required regulatory approvals, including the approval of the Canadian Securities Exchange. (“ CSE ”).

About CleanGo Innovations Inc.

CleanGo Innovations Inc. is an international publicly traded company specializing in the development of proprietary, certified green, and sustainable solutions for industrial, commercial, and retail applications. With manufacturing operations across North and South America, and now Saudi Arabia, CleanGo is dedicated to replacing toxic chemicals with high-performance green alternatives.

On behalf of the CEO & Board of Directors

Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.

For More information Contact:

info@cleangogreengo.com

Phone 1 346 202 6202

Forward-looking Information

This news release contains certain forward-looking statements within the meaning of applicable securities laws, including statements relating to the proposed Debt Settlement, the issuance of common shares thereunder, the receipt of required regulatory approvals, and the Company’s intention to conserve cash for ongoing operations and strategic initiatives. Forward-looking statements are based on management’s current expectations, estimates, and assumptions as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied.

Such risks and uncertainties include, without limitation, the risk that the proposed Debt Settlement may not be completed on the terms contemplated or at all, the failure to obtain required regulatory approvals, and general business, economic, and market conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.

 

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