Barranco Announces Closing of Debt Settlement
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BARRANCO ANNOUNCES CLOSING OF DEBT SETTLEMENT
VANCOUVER, BC, August 18, 2026 /CNW/ - Barranco Gold Mining Corp. (" Barranco" or the " Company")
(CSE: BAR) (FWB: 314) announces that, further to its news release dated August 11, 2026, the Company
has entered into a debt settlement agreement with a non-arm's length creditor of the Company (the
"Creditor") and has issued 390,625 common shares in the capital of the Company (the "Common Shares")
at a price of $0.64 per Common Share in settlement of an aggregate of $250,000 of indebtedness (the
"Debt Settlement").
All securities issued pursuant to the Debt Settlement are subject to a statutory hold period of four months
and one day from the date of issuance.
The Creditor under the Debt Settlement is the spouse of Reno Calabrigo, director and Chief Executive
Officer of the Company, and therefore constitutes a "related party" of the Company pursuant to
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-
101"). Accordingly, the Debt Settlement constitutes a "related party transaction" within the meaning of
MI 61-101. Pursuant to the Debt Settlement, the Creditor will receive an aggregate of 390,625 Common
Shares. The Company is not required to obtain a formal valuation or minority shareholder approval in
connection with the Debt Settlement in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, which
provide an exemption where the fair market value of the "related party transaction" is less than 25% of
the market capitalization. The Company did not file a material change report more than 21 days before
the expected closing of the Debt Settlement as the details thereof were not settled until shortly prior to
closing and the Company wished to close on an expedited basis for sound business reasons.
The board of directors of the Company has determined that it is in the best interests of the Company to
settle the outstanding debt by the issuance of Common Shares in order to preserve the Company's cash
for working capital. Reno Calabrigo disclosed an interest in the Debt Settlement and deliberations
regarding the viability of the Debt Settlement were discussed between the other directors.
About Barranco Gold Mining Corp.
The Company is a junior mining exploration company. Its initial focus is to conduct the proposed
exploration program on the King Property located in the Nicola and Similkameen Mining Divisions in
British Columbia and to continue to identify and potentially acquire additional property interests, assess
their potential and engage in exploration activities.
ON BEHALF OF THE BOARD OF DIRECTORS
Reno J. Calabrigo
Chief Executive Officer
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FOR FURTHER INFORMATION PLEASE CONTACT:
Reno J Calabrigo,
Chief Executive Officer,
(647) 402-0957
210-233 West 1st Street
North Vancouver, British Columbia
V7M 1B3
www.barrancogold.com
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.