Prismo Metals Announces Debt Settlement
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:MOMF) has announced a debt settlement agreement with a creditor. The company will issue 180,000 common shares at a deemed price of $0.17 per share to settle an outstanding debt of $30,600. The Settlement Shares will be subject to a four-month statutory hold period under Canadian securities laws, along with additional restrictions for jurisdictions outside Canada. These securities are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:MOMF) ha annunciato un accordo di risoluzione dei debiti con un creditore. L'azienda emetterà 180.000 azioni ordinarie a un prezzo presumibile di $0,17 per azione per estinguere un debito residuo di $30.600. Le azioni di risoluzione saranno soggette a un periodo di congelamento statutario di quattro mesi secondo le leggi canadesi sui titoli, insieme a restrizioni aggiuntive per le giurisdizioni al di fuori del Canada. Questi titoli non sono registrati ai sensi del Securities Act degli Stati Uniti del 1933 e non possono essere offerti o venduti negli Stati Uniti senza registrazione o un'esenzione applicabile.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:MOMF) ha anunciado un acuerdo de liquidación de deuda con un acreedor. La empresa emitirá 180,000 acciones ordinarias a un precio considerado de $0.17 por acción para saldar una deuda pendiente de $30,600. Las acciones de liquidación estarán sujetas a un período de retención legal de cuatro meses según las leyes canadienses de valores, junto con restricciones adicionales para las jurisdicciones fuera de Canadá. Estos valores no están registrados bajo la Ley de Valores de EE.UU. de 1933 y no pueden ser ofrecidos o vendidos en los Estados Unidos sin registro o una exención aplicable.
프리즈모 메탈스 인크.(CSE:PRIZ)(OTCQB:MOMF)는 채권자와 채무 정산 계약을 체결했다고 발표했습니다. 이 회사는 180,000주 일반 주식을 $0.17 주당의 적정 가격으로 발행하여 $30,600의 미청구 채무를 해결할 것입니다. 정산 주식은 캐나다 증권법에 따라 4개월의 법적 보유 기간이 적용되며, 캐나다 외의 관할 지역에는 추가적인 제한이 있을 수 있습니다. 이 증권은 1933년 미국 증권법에 따라 등록되지 않았으며, 등록 또는 적용 가능한 면제 없이 미국에서 제공되거나 판매될 수 없습니다.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:MOMF) a annoncé un accord de règlement de dette avec un créancier. La société émettra 180 000 actions ordinaires à un prix réputé de 0,17 $ par action pour régler une dette impayée de 30 600 $. Les actions de règlement seront soumises à une période de blocage légale de quatre mois selon les lois canadiennes sur les valeurs mobilières, ainsi qu'à des restrictions supplémentaires pour les juridictions en dehors du Canada. Ces titres ne sont pas enregistrés en vertu de la Loi de 1933 sur les valeurs mobilières des États-Unis et ne peuvent être offerts ou vendus aux États-Unis sans enregistrement ou une exemption applicable.
Prismo Metals Inc. (CSE:PRIZ)(OTCQB:MOMF) hat eine Schuldenregelungsvereinbarung mit einem Gläubiger angekündigt. Das Unternehmen wird 180.000 Stammaktien zu einem angenommenen Preis von 0,17 $ pro Aktie ausgeben, um eine ausstehende Schuld von 30.600 $ zu begleichen. Die Regelungsaktien unterliegen einer viermonatigen gesetzlichen Haltedauer gemäß den kanadischen Wertpapiergesetzen sowie zusätzlichen Einschränkungen für Jurisdiktionen außerhalb Kanadas. Diese Wertpapiere sind nicht gemäß dem U.S. Securities Act von 1933 registriert und dürfen in den Vereinigten Staaten ohne Registrierung oder eine anwendbare Ausnahme nicht angeboten oder verkauft werden.
- Reduction of outstanding debt by $30,600
- Preservation of cash through share issuance instead of cash payment
- Dilution of existing shareholders' ownership due to issuance of new shares
- Potential downward pressure on stock price due to increased share supply
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / 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
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
FAQ
What is the value of the debt being settled by Prismo Metals (OTCQB:MOMF)?
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How long is the statutory hold period for the Settlement Shares issued by Prismo Metals (OTCQB:MOMF)?
