Martina Minerals Corp. Announces TSXV Approval of Proposed Debt Settlement Transaction
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/02/12 -- Further to its press release of February 16, 2012, Martina Minerals Corp. (the "Company") (TSX VENTURE: MTN) is pleased to announce that the TSX Venture Exchange has approved the terms of a shares-for-debt transaction involving certain of the Company's third party creditors.
Martina has agreed to issue a total of 3,266,666 shares and 2,666,666 warrants in settlement of an aggregate of $254,370 of outstanding debt owing in respect of legal, book-keeping and administrative services rendered to the Company. Each warrant will be exercisable into one common share for a period of 24 months from the date of issue at an exercise price of $0.10. All securities will be subject to a statutory four-month hold period.
The debt settlement will enable the Company to invest more of its available cash resources in mineral exploration and development initiatives in the Philippines.
NEITHER THE 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.
Contacts:
Martina Minerals Corp.
Willie McLucas
President and CEO
+ 44 7881 816 980
MI3 in Montreal
Neil Murray Lyon
+ 1 514 904 1333
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Unternehmensinformation / Kurzprofil:
Datum: 02.03.2012 - 19:01 Uhr
Sprache: Deutsch
News-ID 121207
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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