Forte Minerals Corp. , announces that it has agreed to settle an aggregate of $56,600 of indebtedness through the issuance of 283,000 common shares in the capital of the Company at a price of $0.20 per Common Share . This settlement includes $34,000 owed to officers and directors of the Company and $22,600 owed to an arm's length party.
The Common Shares issued pursuant to the Debt Settlement will be subject to a hold period of four months and one day from the date of issuance, under applicable securities laws in Canada.
Closing of the Debt Settlement is anticipated to take place on or about July 9, 2024 and remains subject to receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. ABOUT FORTE MINERALS CORP.
Forte Minerals Corp...