RESOLVE VENTURES PROCEEDS WITH DEBT SETTLMENT TRANSACTION
Resolve Ventures Inc. has amended the debt settlement agreement with certain arm's-length third parties as announced on March 12, 2018. The company has agreed to issue an aggregate of 4,219,352 units at a deemed price of six cents per unit.
Each unit will consist of one common share of the company and one share purchase warrant. Each warrant shall be exercisable to acquire one additional common share of the company for a period of five years at a price of nine cents per warrant share. The amount of indebtedness settled by the transaction is $253,161.15. The company determined to satisfy this outstanding indebtedness with shares as it has no immediate source of cash.
The transaction is subject to TSX Venture Exchange approval. All securities issued pursuant to the transaction are subject to four-month-and-one-day hold period.
About Resolve Ventures inc.
Resolve is a Vancouver-based publicly listed exploration company trading on the TSX Venture Exchange. The company is led by a highly skilled management and technical team with numerous previous successes in the junior mining sector.Back to Past News