Prismo Metals Announces Debt Settlement
Prismo Metals announced a debt settlement agreement with certain creditors. The company will issue 100,000 common shares at $0.21 per share and 17,500 common shares at $0.20 per share to settle outstanding debt of $24,500. The Settlement Shares will be subject to a four-month statutory hold period under Canadian securities laws. The securities will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or exemption.
Prismo Metals ha annunciato un accordo di risoluzione del debito con alcuni creditori. L'azienda emetterà 100.000 azioni ordinarie a $0,21 ciascuna e 17.500 azioni ordinarie a $0,20 ciascuna per saldare un debito pendente di $24.500. Le azioni di risoluzione saranno soggette a un periodo di blocco legale di quattro mesi ai sensi delle leggi canadesi sui titoli. I titoli non saranno registrati ai sensi del Securities Act degli Stati Uniti del 1933 e non possono essere offerti o venduti negli Stati Uniti senza registrazione o esenzione.
Prismo Metals anunció un acuerdo de liquidación de deuda con ciertos acreedores. La empresa emitirá 100,000 acciones comunes a $0.21 por acción y 17,500 acciones comunes a $0.20 por acción para saldar una deuda pendiente de $24,500. Las acciones de liquidación estarán sujetas a un período de bloqueo legal de cuatro meses bajo las leyes de valores canadienses. Los valores no estarán registrados bajo la Ley de Valores de Estados Unidos de 1933 y no pueden ser ofrecidos o vendidos en los Estados Unidos sin registro o exención.
프리즈모 메탈스는 특정 채권자와 채무 해결 협약을 발표했습니다. 회사는 100,000주 일반주식을 주당 $0.21에, 17,500주 일반주식을 주당 $0.20에 발행하여 $24,500의 미지급 채무를 해결할 것입니다. 정산 주식은 캐나다 증권법에 따라 4개월의 법정 보유 기간이 적용됩니다. 본 증권은 1933년 미국 증권법에 따라 등록되지 않으며, 등록이나 면허 없이 미국에서 제공되거나 판매될 수 없습니다.
Prismo Metals a annoncé un accord de règlement de dette avec certains créanciers. L'entreprise émettra 100 000 actions ordinaires à 0,21 $ l'action et 17 500 actions ordinaires à 0,20 $ l'action pour régler une dette en cours de 24 500 $. Les actions de règlement seront soumises à une période de blocage légale de quatre mois en vertu des lois canadiennes sur les valeurs mobilières. Les titres ne seront pas enregistrés en vertu du Securities Act des États-Unis de 1933 et ne peuvent être offerts ou vendus aux États-Unis sans enregistrement ou exemption.
Prismo Metals gab eine Schuldenbereinigungsvereinbarung mit bestimmten Gläubigern bekannt. Das Unternehmen wird 100.000 Stammaktien zu je $0,21 und 17.500 Stammaktien zu je $0,20 ausgeben, um eine ausstehende Schuld von $24.500 zu begleichen. Die Abrechnung Aktien unterliegen einer gesetzlichen Haltefrist von vier Monaten gemäß kanadischem Wertpapierrecht. Die Wertpapiere werden nicht unter dem Securities Act von 1933 in den Vereinigten Staaten registriert und dürfen ohne Registrierung oder Ausnahme in den Vereinigten Staaten nicht angeboten oder verkauft werden.
- Reduction of $24,500 in outstanding debt through equity issuance
- Debt settlement without using cash resources
- Shareholder dilution through issuance of 117,500 new shares
- Settlement shares priced at $0.20-0.21, indicating current market conditions
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Prismo Metals Inc. ("Prismo" or the "Company") (CSE:PRIZ)(OTCQB:PMOMF) announces that it has entered into debt settlement agreements with certain creditors of the Company (the "Creditors") pursuant to which the Company has agreed to issue to the Creditors, and the Creditors have agreed to accept, 100,000 common shares of the Company at a deemed issue price per share 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
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