Sanwire receives settlement offer to dismiss Intercept Music, Trillium lawsuits

SANWIRE CORP

SANWIRE CORP

SNWR

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  • Sanwire received a settlement offer to end litigation with Trillium Partners, Intercept Music, Intercept Music Group.
  • Proposal calls for cancellation of 1,361,566,319 common shares, about 50% of issued and outstanding stock.
  • Offer also seeks cancellation of 8,853,000 Series C Preferred shares held by Intercept Music insiders.
  • Terms would eliminate acquisition-related debt, including Trillium convertible notes, with at least USD 135,513 outstanding.
  • Sanwire plans a counteroffer to address compensation, expense reimbursement, Trillium’s six debt conversions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sanwire Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605260845PRIMZONEFULLFEED9726024) on May 26, 2026, and is solely responsible for the information contained therein.

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