Hunter Bay Minerals Closes Debt Settlement
29.07.2014 | The Newswire
London, July 29, 2014 - Hunter Bay Minerals Plc ("Hunter Bay") (TSX-V: HBY) announces that it has issued 1,313,448 ordinary shares at a price of $0.05 per share to extinguish $65,672 of debt. This represents an increase of $8,766 from the amount of settled debt previously announced on July 4, 2014. The shares issued by Hunter Bay pursuant to this transaction are subject to a four month hold period expiring on November 29, 2014.
About Hunter Bay
Hunter Bay is engaged in the acquisition, exploration and development of mineral resource properties located in South America and Canada. Hunter Bay's lead project is the Sela Creek Project, located in Suriname, in which Hunter Bay owns a seventy percent (70%) interest and an option to acquire an additional ten percent (10%) interest. Hunter Bay also owns a one-hundred percent (100%) interest in the Great Bear Lake Properties located in the eastern side of Great Bear Lake, NWT, Canada.
For additional information please contact:
Hunter Bay Minerals plc
Suite 880, 580 Hornby Street
Vancouver, BC V6C 3B6
Keith Minty, CEO and director
Phone: (289) 242-8858
Email: keith@otl.co.za
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