Akwaaba Announces Shares for Debt Issuance
Akwaaba Announces Shares for Debt Issuance
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2022) -
Akwaaba Mining Ltd.
(TSXV: AML)
("Akwaaba" or the "Company", formerly known as Castle Peak Mining Ltd.) is pleased to announce that
further to its news releases dated August 4, 2021 and October 25, 2021, it has settled an aggregate
$433,942.47 of debt owed to Grizal Enterprises Ltd. (the "Creditor") by the issuance of an aggregate
28,929,498 common shares of the Company at a deemed price of $0.015 per share.
The common shares issued to the Company's Creditors are subject to a hold period in British Columbia
expiring on August 02, 2022.
For further information, please contact:
"Iyad Jarbou"
Chief Financial Officer
Tel: 604.362.7685
Email:
Website:
https://castlepeakmining.com/
FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION
Except for statements of historical fact, this news release contains certain 'forward-looking information'
and 'forward-looking statements' within the meaning of applicable securities laws. This release may
contain statements that are forward looking statements and are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof based on information
currently available. As a result, readers are cautioned not to place undue reliance on these forward-
looking statements. The forward-looking statements contained in this news release are made as of the
date of this release. The Company does not assume the obligation to update any forward-looking
statement, except as required by law. For more information on the Company, investors should review
the Company's filings that are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) nor the Investment Industry Regulatory Organization of
Canada accepts responsibility for the adequacy or accuracy of this release.
The securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to, or for
the account or benefit of, U.S. persons absent registration or an applicable exemption from
registration requirements. This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any jurisdictions in which such offer,
solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus and
registration exemptions and restricted persons to whom the securities may be sold in accordance with
the laws of such jurisdictions and by persons permitted to sell the securities in accordance with the
laws of such jurisdictions.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR
DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/119167