The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Prismo Metals Announces Debt Settlement

by August 13, 2024
August 13, 2024
Prismo Metals Announces Debt Settlement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE:PRIZ)(OTCQB:MOMF) announces that it has entered into a debt settlement agreement with a creditor of the Company (the ‘Creditor’) pursuant to which the Company has agreed to issue to the Creditor, and the Creditor has agreed to accept 180,000 common shares of the Company (the ‘Settlement Shares’) at a deemed issue price of $0.17 per share in full and final settlement of accrued and outstanding indebtedness in the amount of $30,600

The Settlement Shares will be subject to a statutory hold period of four months from the date of issuance under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

None of the foregoing securities have been and will not be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Prismo Metals Inc.
Prismo (CSE:PRIZ) is mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).

Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube

Prismo Metals Inc.
1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Contact:
Alain Lambert, Chief Executive Officer alambert@cpvcgroup.ca
Steve Robertson, President steve.robertson@prismometals.com
Jason Frame, Manager of Communications jason.frame@prismometals.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Prismo Metals Inc.

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Nevada Sunrise Completes Sale of Joint Venture Interest in the Kinsley Mountain Gold Project, Nevada
next post
Submission of ASX Listing Prospectus, Proposed Fundraising to Raise up to A$20M and Notice of General Meeting

You may also like

E25 Progresses USA HPMSM Refinery Plans

11 Canadian Crypto ETFs (Updated 2024)

Canada Nickel Company Concludes Successful Participation in Washington,...

Positive Preliminary Economic Assessment Completed for the Slivova...

WOA Relocates Headquarters & Enhances German Facility Utilisation

Prismo Metals Acquires Data and Updates Model for...

Basin Prepares for Phase 2 Drilling at Geikie...

Ukraine Invites Australian Miners to Invest in Resources...

Springdale Continues to Build with Further Spectacular Diamond...

Radisson Announces Fully Subscribed C$7 Million Private Placement

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Trump claims ‘I don’t know her’ and ‘listened to’ RFK Jr about...

    • Rubio just got an additional job in Trump’s administration — and he’s not the only one wearing multiple hats

    • Sycamore Gap: Two men convicted of felling one of UK’s most famous trees

    • Putin, Xi and friendly world leaders celebrate Russia’s Victory Day at Moscow Parade

    • Ellen Miles is planting seeds of hope through guerrilla gardening

    Categories

    • Business (1,633)
    • Investing (4,791)
    • Politics (7,537)
    • World (6,128)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top