Frankfurt Symbol 4LPP Aloro Announces Debt Settlement
P.O. Box 72011
Vancouver, BC V6R 4P2
Canada
Tel: (604) 689-5722
Email: [email protected]
December 6, 2021 TSX.V Symbol AORO
FRANKFURT Symbol 4LPP
ALORO ANNOUNCES DEBT SETTLEMENT
ALORO MINING CORP. – (the “ Company” or “ Aloro”) announces that it intends to settle debt
(the “Debt Settlement”) in the amount of $211,262.50 owed by the Company to various insiders of the
Company by the issuance of 3,841,134 common shares (each, a “Share”) of the Company at a deemed
price of $0.055 per Share. The Debt Settlement is subject to the approval of the TSX Venture Exchange
and entry into debt settlement agreements with each of the creditors.
All securities issued in connection with the Debt Settlement will be subject to a statutory hold period
expiring four months and one day after issuance of the securities.
Each of Thomas Doyle, David Cross, Greg Burnett and James Carter will be participating in the Debt
Settlement and are considered to be a “related party” within the meaning of Multilateral Instrument
61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and each issuance is
considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from
the valuation requirement of MI 61 -101 by virtue of the exemption contained in section 5.5(b) as the
Company’s shares are not l isted on a specified market and from the minority shareholder approval
requirements of MI 61 -101 by virtue of the exemption contained in section 5.7(a) of MI 61 -101 in that
the fair market value of the consideration of the shares to be issued to each related party does not exceed
25% of the Company’s market capitalization.
About Aloro Mining Corp.
Aloro holds the 3199-hectare Los Venados Project which is located in the Mulatos Gold District and is
directly adjacent to the active Mulatos open pit of Alamos to the south. Aloro also shares with Alamos,
common borders to the east and north. The western border is shared with Agnico Eagle Mines Limited
where it operates the La India open pit. The known mineralization within the Mulatos District is gold-
dominant, high sulfidation mineralized system, with accessory silver and copper.
ALORO MINING CORP.
Per: “Thomas A. Doyle”
Thomas A. Doyle
President & CEO
http://www.aloromining.com
For further information, please
contact:
Thomas A. Doyle
Phone: (604) 689-5722
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
1085 - 555 Burrard Street
P.O. Box 201
Vancouver, BC V7X 1M8
Canada
Tel: (604) 689-5722
Fax: (604) 685-9182
Email: [email protected]