”) announces that it intends to settle outstanding indebtedness in the amount of $159,400 owed to certain creditors in exchange for the issuance of 419,474 common shares of the Company at a deemed price of $0.38 per share.
The Company intends to complete the debt settlement to preserve the Company's cash for working capital and improve its financial position by reducing its existing liabilities. The debt is owed by the Company to consultants of the Company.
All securities issued under the debt settlement will be subject to a four-month hold period in accordance with Canadian securities law.Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, the completion of the debt settlement on the terms and timing described herein.
As metal prices soar, mining expands into new frontiers, more communities and Indigenous peoples will be impacted as they are attracted to ASM as a vital lifeline in times of economic turmoil.CATL's board has approved the plan, but the proposal is pending approval from regulators, including the China Securities Regulatory Commission.
BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.The biggest change over three decades is China becoming the number one producer, as its output has more than tripled.
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