Gold Mountain Mining Corp. is pleased to announce the closing of its debt settlement transactions previously announced on June 3, 2024, pursuant to which the Company settled all of the secured debt of Nhwelmen Construction Limited Partnership , who was owed $6.5 million . Nhwelmen, the contract miner at the Company's Elk Gold Mine, was issued 50,000,000 common shares of the Company in payment of $1.5 million of the Nhwelmen Secured Debt at an issuance price of $0.03 per share, which was at a discount to the market price, and a convertible secured debenture in the amount of $5 million which represented the remaining amount of the Nhwelmen Secured Debt. The Convertible Debenture is convertible at Nhwelmen's option into 62,500,000 common shares at a conversion price of $0.08 per...