International Cobalt Corp. advises that it has entered into a settlement agreement dated February 28, 2024, with
Tantalex Lithium Resources Corp. to settle an amount of CDN$5,324,275.30 owed to the Company . The Settlement Agreement stems from multiple unsecured convertible debentures in principal amounts of USD$2,100,000 and CDN$800,000 entered into between the parties in 2018 and in 2020 bearing an interest rate of 4% that became due in November of 2022 . Under the terms of the Settlement Agreement, the Debt was settled with an aggregate 106,485,506 common shares in the capital of Tantalex issued at a price of CDN$0.05 per Tantalex Share and 50,000,000 common share purchase warrants . Each Tantalex Warrant is exercisable by the Company to acquire 50,000,000 Ta...