Tuesday, 02 January 2024 12:17 GMT

Talent Infinity Announces Acquisition Of Outstanding Debt By CEO-Controlled Entity And Plans For Corporate Consolidation


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Talent Infinity Resource Developments Inc. (CSE: TICO) (the "Company" or "Issuer" ) is pleased to announce that a company controlled by its Chief Executive Officer, Mr. Derrick Gaon, has acquired the outstanding debt representing $213,046 of the loans payable previously held by a third-party creditor.

This strategic transaction strengthens the Company's financial position and aligns management's interests with shareholders by consolidating key obligations under direct control of the CEO. The acquisition eliminates uncertainty surrounding the debt and provides the Company with greater flexibility in its ongoing financial and operational planning.

Following this acquisition, the Company is reviewing a consolidation and restructuring initiative designed to simplify its capital structure and better position the Company for the next phase of exploration and development work on the Wildcat Property.

"The acquisition of this debt marks an important step toward streamlining our balance sheet and preparing the Company for renewed activity on our Wildcat project," said Derrick Gaon, CEO. "We believe this restructuring will support our strategic goals and enhance long-term shareholder value."

Further details regarding the proposed consolidation and next steps will be announced as they are finalized.

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