Lodestar Metals Settles Indebtedness with Silver One Resources Inc.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) has reached a settlement agreement with Silver One Resources to resolve a $1,250,000 debt obligation. The debt originated from a share purchase agreement dated November 19, 2020, and promissory notes from March 2, 2021.
Under the settlement terms, Lodestar will pay Silver One $50,000 in cash and issue 3,000,000 common shares at a deemed price of $0.05 per share. The newly issued shares will have a four-month resale restriction period. The transaction requires final approval from the TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) ha raggiunto un accordo transattivo con Silver One Resources per risolvere un debito di 1.250.000 dollari. Il debito deriva da un accordo di acquisto azionario datato 19 novembre 2020 e da cambiali del 2 marzo 2021.
Secondo i termini dell'accordo, Lodestar pagherà a Silver One 50.000 dollari in contanti e emetterà 3.000.000 di azioni ordinarie a un prezzo convenzionale di 0,05 dollari per azione. Le azioni emesse avranno un periodo di restrizione alla rivendita di quattro mesi. L’operazione necessita dell’approvazione finale della TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) ha alcanzado un acuerdo de conciliación con Silver One Resources para resolver una deuda de 1.250.000 dólares. La deuda proviene de un acuerdo de compra de acciones fechado el 19 de noviembre de 2020 y pagarés del 2 de marzo de 2021.
Bajo los términos del acuerdo, Lodestar pagará a Silver One 50.000 dólares en efectivo y emitirá 3.000.000 de acciones comunes a un precio considerado de 0,05 dólares por acción. Las acciones emitidas tendrán un período de restricción para su reventa de cuatro meses. La transacción requiere la aprobación final de la TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF)는 Silver One Resources와 1,250,000달러의 채무를 해결하기 위한 합의에 도달했습니다. 이 채무는 2020년 11월 19일 주식 매매 계약과 2021년 3월 2일 약속어음에서 발생했습니다.
합의 조건에 따라 Lodestar는 Silver One에 현금 50,000달러를 지급하고, 주당 0.05달러의 평가 가격으로 3,000,000주의 보통주를 발행할 예정입니다. 새로 발행된 주식은 4개월의 재판매 제한 기간이 적용됩니다. 이 거래는 TSX 벤처 거래소의 최종 승인을 필요로 합니다.
Lodestar Metals Corp (TSXV : LSTR) (OTCQB : SVTNF) a conclu un accord de règlement avec Silver One Resources pour régler une dette de 1 250 000 dollars. Cette dette provient d’un accord d’achat d’actions daté du 19 novembre 2020 et de billets à ordre du 2 mars 2021.
Selon les termes du règlement, Lodestar versera à Silver One 50 000 dollars en espèces et émettra 3 000 000 d’actions ordinaires à un prix réputé de 0,05 dollar par action. Les actions nouvellement émises seront soumises à une période de restriction de revente de quatre mois. La transaction nécessite l’approbation finale de la TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) hat eine Vergleichsvereinbarung mit Silver One Resources getroffen, um eine Schuldenverpflichtung in Höhe von 1.250.000 USD zu begleichen. Die Schulden stammen aus einem Aktienkaufvertrag vom 19. November 2020 und Schuldscheinen vom 2. März 2021.
Gemäß den Bedingungen der Vereinbarung wird Lodestar Silver One 50.000 USD in bar zahlen und 3.000.000 Stammaktien zu einem angenommenen Preis von 0,05 USD pro Aktie ausgeben. Die neu ausgegebenen Aktien unterliegen einer viermonatigen Wiederverkaufsbeschränkung. Die Transaktion bedarf der endgültigen Genehmigung der TSX Venture Exchange.
- Elimination of $1.25 million debt obligation
- Settlement achieved with minimal cash outlay ($50,000)
- Improved balance sheet through debt restructuring
- Dilution of existing shareholders through issuance of 3 million new shares
- Shares issued at a low price point of $0.05 per share
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) ("Lodestar" or the "Company"), announces that it has entered into a settlement agreement with Silver One Resources Inc. ("Silver One") whereby the Company and Silver One have agreed to a complete settlement of the
In consideration of Silver One's release of the Indebtedness, the Company has agreed to pay
The Shares will be subject to restrictions on resale for a period of four months from the date of issue. The transaction is subject to final acceptance by the TSX Venture Exchange.
About Lodestar Metals Corp.
Lodestar Metals Corp. is a Canadian mining exploration company. The Company's
Contacts
Lodestar Metals Corp.
Lowell Kamin, President, CEO & Chairman of the Board
(416) 272-1241
lowell@lodestarbatterymetals.ca
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249441
FAQ
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