Nitinat Agrees to Convert Debt

(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 07/09/15 -- Nitinat Minerals Corporation (TSX VENTURE: NZZ) (the "Corporation") would like to announce that it that it has negotiated a share for debt settlement with eight arm's length creditors of the Corporation. The Corporation has agreed to issue an aggregate of 4,059,040 common shares to the arm's length parties in exchange for the cancellation of $202,952 in debt owing to the creditor. The common shares are being issued at a deemed price of $0.05 per common share.

The debt settlement is subject to the approval of the TSX Venture Exchange.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Contacts:
Nitinat Minerals Corporation
Herb Brugh
President and Director
416.216.0964

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 09.07.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 405748
Anzahl Zeichen: 0

contact information:
Town:

TORONTO, ONTARIO

Kategorie:

Mining & Metals

Diese Pressemitteilung wurde bisher 144 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Nitinat Agrees to Convert Debt"
steht unter der journalistisch-redaktionellen Verantwortung von

Nitinat Minerals Corporation (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Nitinat to Extend Term of Warrants ...

TORONTO, ONTARIO -- (Marketwired) -- 03/06/17 -- Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE: NZZ) is pleased to announce that, subject to the receipt of TSX Venture Exchange approval, it has agreed to amend the expiry d ...

Nitinat Minerals Corp. Withdrawals Private Placement ...

TORONTO, ONTARIO -- (Marketwired) -- 11/01/16 -- Nitinat Minerals Corporation (TSX VENTURE: NZZ) - Herb Brugh reports: Further to the news release of October 27, 2016 the corporation is withdrawing its private placement.The TSX has not reviewed and ...

Nitinat Enters Into Agreement to Acquire the Carscallen Property and Announces P ...

TORONTO, ONTARIO -- (Marketwired) -- 10/27/16 -- Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE: NZZ) is pleased to announce that it has entered into an assignment agreement (the "Agreement") with Inspiration Mini ...

Alle Meldungen von Nitinat Minerals Corporation