Pinnacle Issues Shares for Debt
TSXV: PINN OTC: NRGOF
Pinnacle Issues Shares for Debt
VANCOUVER, BRITISH COLUMBIA, June 16, 2025 (TSXV: PINN, US: NRGOF, Frankfurt: P9J) –
| Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") | announces that, in order to conserve | |
| capital and improve the balance sheet, it has agreed with certain creditors to accept shares in the | ||
| company in settlement of their debt. | The aggregate number of shares to be issued, subject to TSXV |
approval, is 2,491,667 at a price of $0.06 per share, for settlement of $149,500.00. All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue.
| The issuance of 2,491,667 | common shares to directors and officers of the Company constitutes a |
| "related party transaction" as this term is defined in Multilateral Instrument 61-101: Protection of | |
| Minority Securityholders in Special Transactions ("MI 61-101"). The directors and officers of the | |
| Company, acting in good faith, determined that the fair market value of the common shares being | |
| issued pursuant to the shares for debt transaction and the consideration being paid is reasonable. The | |
| Company intends to rely on the exemptions from the valuation and minority shareholder approval | |
| requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair | |
| market value of the common shares nor the debt exceeds 25% of the Company's market capitalization. |
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The addition of the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt complements the Company’s project portfolio and provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon. With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long-term, sustainable value for shareholders.
Signed: “Robert A. Archer”
President & CEO
FOR FURTHER INFORMATION CONTACT:
Email: [email protected] Tel.: +1 (877) 271-5886 ext. 110 Website: www.pinnaclesilverandgold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868