Spanish Mountain Gold Announces Debt Settlement Agreement
VANCOUVER, British Columbia -- Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA | FSE: S3Y | OTCQB: SPAUF) announces that it has entered into a debt settlement agreement with Whittle Consulting Ltd., an arm’s length creditor of the Company (“Whittle”) to settle an aggregate of $379,720 in outstanding debt (the “Debt”). In settlement of the Debt, the Company will (i) pay Whittle $14,320, in cash, and (ii) issue 2,110,919 common shares in the capital of the Company (the “Shares”) as directed by Whittle at a price of $0.1731 per Share (the “Debt Settlement”). The Debt relates to past services rendered by Whittle Consulting Ltd. to the Company. Read More
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