Mr. Rishi Kwatra reports
MOLTEN METALS ANNOUNCES DEBT SETTLEMENT
Molten Metals Corp. 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 38 cents 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. The debt settlement is expected to close shortly, subject to customary closing conditions, including, but not limited to, finalizing all contractual documentation and receipt of all applicable regulatory approvals, as applicable, including compliance with the policies of the Canadian Securities Exchange.
All securities issued under the debt settlement will be subject to a four-month hold period in accordance with Canadian securities law.
We seek Safe Harbor.
For Additional Information Please Contact
Rishi Kwatra
Chief Executive Officer
Molten Metals Corp. 604.760.3999
ir@moltenmetalscorp.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
