Curated News
By: NewsRamp Editorial Staff
July 02, 2024
Forte Minerals Corp. Announces Shares-for-Debt Agreement
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- Forte Minerals Corp. settles $56,600 of debt through issuance of 283,000 common shares, offering potential financial advantage.
- Debt settlement involves issuing 283,000 common shares at $0.20 per share, subject to a hold period of four months and one day.
- Forte Minerals Corp. is committed to community engagement, environmental stewardship, and fulfilling societal responsibilities, aiming to make the world a better place.
- Forte Minerals Corp. aims to generate significant value growth by strategically positioning permitted and drill-ready projects, blending assets in partnership with GlobeTrotters Resources Perú S.A.C.
Impact - Why it Matters
This news matters as it demonstrates Forte Minerals Corp.'s commitment to settling its indebtedness and its focus on generating value growth in high-quality Cu and Au assets in Perú. The company's dedication to community engagement and environmental stewardship is also highlighted.
Summary
Forte Minerals Corp. announces a settlement of indebtedness through the issuance of common shares. The settlement includes $34,000 owed to officers and directors of the Company and $22,600 owed to an arm's length party. The Common Shares issued will be subject to a hold period of four months and one day. The Debt Settlement is anticipated to take place on or about July 9, 2024, subject to necessary approvals.
Forte Minerals Corp., a junior exploration company, has built a robust portfolio of high-quality Cu and Au assets in Perú. The Company aims to generate significant value growth by strategically positioning permitted and drill-ready projects alongside historically discovered copper and gold projects. Forte is deeply committed to community engagement, environmental stewardship, and fulfilling its societal responsibilities.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Forte Minerals Corp. Announces Shares-for-Debt Agreement
