Pacific Bay Completes Shares for Debt Transactions
Vancouver, January 18, 2019 - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports that agreements to settle debt with seven creditors, (including, certain directors, officers and insiders) as previously announced on September 14, 2018, and December 21, 2018, have been completed. The Company has issued 5,688,588 common shares (post-consolidation) at a deemed price of $0.10 per share to extinguish $568,858 of debts. These shares are subject to a hold period ending May 17, 2019.
Per/
David H. Brett, MBA
President & CEO
604-682-2421
dbrett@pacificbayminerals.com
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