South Pacific Metals announces, further to its news release dated February 23, 2024, it plans to complete a shares for debt transaction to settle the outstanding principal amount of C$1,270,000 plus accrued interest of C$79,726.63 owed to the 10% secured convertible debenture holders. In total, the Company plans to issue 6,748,633 common shares of the Company at a price of C$0.20 per share to settle total indebtedness of C$1,349,726.63 . As previously announced on February 23, 2024, the Company had intended to issue new convertible debentures to replace the 2023 Debentures. However, the Company has now decided to settle the outstanding indebtedness under the 2023 Debentures through the Shares for Debt Transaction. The Company anticipates that the Shares for Debt Transaction will res...