Canamex Announces Closing of Cdn$194,231 Debt Settlement
Vancouver, BC / TheNewswire / September 22, 2015 - Canamex Resources Corp. (TSX-V: CSQ) (FSE: CX6) announces that on September 21, 2015 it received acceptance from the TSX Venture Exchange to close its debt settlement announced in its News Release dated September 3, 2015.
In accordance with the provisions of Debt Settlement Agreements and to settle a total of $194,231 outstanding debt, on September 22, 2015 the Company issued:
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-.a total of 2,287,675 common shares to non arms'-length creditors at a deemed price of Cdn$0.05 per share; and
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-.a total of 1,596,951 Units to an arm's-length creditor at a deemed price of Cdn$0.05 per Unit, each Unit being comprised of one common share and one warrant, each warrant being exercisable at Cdn$0.07 per share on or before September 21, 2020.
All of these shares, together with any shares that may be issued on exercise of the warrants, will be subject to a hold period under applicable Canadian securities laws expiring on January 23, 2016, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.
On behalf of the Board of Directors
SIGNED: "Mark Billings"
Mark Billings, CEO
Contact: (514) 296-1641
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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