Colossus Resources Announces Price Reservation for Debt Settlement and Non- Brokered Private Placement Financing
Colossus Resources Announces Price
Reservation for Debt Settlement and Non-
Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) -
Colossus Resources
Corp.
(TSXV: CLUS) ("
Colossus
" or the "
Company
") announces a price reservation of CDN$.05
based on the closing price September 10, 2025 of CDN$.065. Further to the news release dated August
29, 2025, announcing it had entered into debt settlement agreements with various creditors, the
Company wishes to settle a revised
aggregate amount of CDN$204,490.50 in outstanding debt relating
to loans, management
fees, and certain other outstanding obligations, through the issuance of a revised
aggregate of 4,089,810 common shares of Colossus (the "
Common Shares
") at a deemed price of
CDN$0.05 per Common Share (the "
Shares for Debt Transaction
"). Insiders, officers, and directors
are converting and aggregate of CDN$85,408 through the issuance of an aggregate of 1,708,160
common shares.
Closing of the Shares for Debt Transaction is subject to customary closing conditions, including the
approval of the TSX Venture Exchange ("TSXV"). The Common Shares to be issued pursuant to the
Shares for Debt Transaction will be subject to a hold period of four months and one day following the
date of issuance, in accordance with applicable securities laws and TSXV policies.
The Company also announces a price reservation of CDN$.05 based on the closing price of
CDN$.065.
Further to the news release dated August 29, 2025, announcing a non-brokered private placement
financing of up to 1,800,000 units (the "
Units
") of securities at a price of CDN$0.05 per Unit for
aggregate gross proceeds of up to CDN$90,000 (the "
Financing
") for general working capital. Each
Unit will be comprised of one (1) common share and one-half (1/2) common share purchase warrant,
with each whole warrant entitling the holder to purchase one additional common share at a price of
CDN$0.10 for a period of two (2) years from closing of the Financing.
The expiry date of the warrants
may be accelerated if the Company's common shares trade at or above $0.20 for 20 consecutive
trading days following the expiry of the four month hold period.
About Colossus Resources Corp.
Colossus Resources is a relatively young junior mineral exploration company focused on maximizing
shareholder value through the acquisition, discovery and advancement of high-quality copper - gold
projects.
ON BEHALF OF THE BOARD OF DIRECTORS
"Charalambos (Harry) Katevatis"
President & CEO
Colossus Resources Corp.
For more information contact Ioannis (Yannis) Tsitos, Technical Director of Colossus Resources Corp at
.
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.
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking information
includes, but is not limited to, information concerning the Company's intentions with respect to the
development of its mineral properties. Forward-looking information is based on the views, opinions,
intentions and estimates of management at the date the information is made, and is based on a number
of assumptions and subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those anticipated or projected in the forward-looking
information (including the actions of other parties who have agreed to do certain things and the approval
of certain regulatory bodies). Many of these assumptions are based on factors and events that are not
within the control of the Company and there is no assurance they will prove to be correct. There can be
no assurance that forward-looking information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such information. The Company undertakes no
obligation to update forward-looking information if circumstances or management's estimates or
opinions should change except as required by applicable securities laws, or to comment on analyses,
expectations or statements made by third parties in respect of the Company, its financial or operating
results or its securities. The reader is cautioned not to place undue reliance on forward-looking
information.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE
SERVICES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/266061