Canterra Announces Proposed Debt Settlement
September 12 2018 - 6:00PM
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES
LAWS.
Canterra Minerals Corporation
(CTM-TSX.V) (“Canterra” or “the Company”) is pleased to
announce that it intends to issue an aggregate of 5,268,933
common shares (the “Shares”) at a price of $0.05
per Share in is settlement (the “Debt Settlement”)
of an aggregate of $263,446.65 in outstanding debt (the
“Debt”), including the settlement of accrued
management fees owing to a company controlled by a director of the
Company and general and administrative expenses owing to a company
that has a common director with the Company.
The proposed Debt Settlement remains subject to
the approval of the TSXV Venture Exchange. All shares issued
under the proposed Debt Settlement will be subject to a hold period
of four months and one day from the date of issuance under
applicable Canadian securities laws.
For more information about Canterra Minerals,
visit the Company’s website at www.canterraminerals.com
On Behalf of the Board of Directors
of CANTERRA MINERALS CORPORATION
“Randy Turner”
Randy Turner, President &
CEO
For further information, contact Randy Turner,
President at 604-687-6644 or info@canterraminerals.comNeither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business
conditions. There can be no assurances that such statements
will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as
required under the applicable laws.
United States AdvisoryThe securities referred to
herein have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities
Act"), have been or will be offered and sold outside the United
States to eligible investors pursuant to Regulation S promulgated
under the U.S. Securities Act, and may not be offered, sold, or
resold in the United States or to, or for the account of or benefit
of, a U.S. Person (as such term is defined in Regulation S under
the United States Securities Act) unless the securities are
registered under the U.S. Securities Act, or an exemption from the
registration requirements of the U.S. Securities Act is available.
Hedging transactions involving the securities must not be conducted
unless in accordance with the U.S. Securities Act. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
securities in the state in the United States in which such offer,
solicitation or sale would be unlawful.
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