Flow Metals Corp. - March 21, 2024 News Release - Shares for Debt Closing
1890 – 1075 West Georgia Street
Vancouver, BC V6E 3C9
T: 604-725-1857
FLOW METALS ANNOUNCES CLOSING OF SHARES FOR DEBT
Vancouver, BC – March 21, 2024 – Flow Metals Corp. (“Flow Metals” or the “Company”) announces that
pursuant to the option agreement dated March 23, 2019 to acquire the Sixtymile Property, it has entered
into debt settlement agreements (“Settlement Agreements”) with the vendors of the Sixtymile Property
to settle the annual advanced royalty payment of $30,000 and it has entered into Settlement Agreements
with two insiders of the Company to settle outstanding fees accrued from exploration work at the New
Brenda Property in the amount of $15,000 (the “Debt Settlement”).
Pursuant to the Settlement Agreements, the Company has issued an aggregate of 599,998 Common
shares at a deemed price of $0.075 per Common share.
In accordance with applicable securities laws, the s ecurities issued pursuant to the Settlement
Agreements are subject to a four month hold period expiring on July 22, 2024.
About Sixtymile, Yukon
Sixtymile covers 65 km2 of quartz claim mining tenure over three active placer camps. The project is a 2
hour drive west of Dawson City and bumps up against the Alaska border. Four gold-bearing creeks on the
project have produced over 200,000 ounces of placer gold since the discovery of gold at Sixtymile over
100 years ago.
About Flow Metals
Flow Metals is a mining exploration company focused on advancing two 100% owned road access projects
in established mining districts of British Columbia and Yukon.
For further information, please contact:
Scott Sheldon, President
604.725.1857
Forward-Looking Information
This press release may include “forward -looking information” (as that term is defined by Canadian
securities legislation), concerning the Company’s business. Forward -looking information is based on
certain key expectations and assumptions made by the Compa ny’s management, including future plans
for the exploration and development of its mineral properties. Although the Company believes that such
expectations and assumptions are reasonable, investors should not rely unduly on such forward -looking
information as the Company can give no assurance they will prove to be correct. Forward -looking
statements in this press release are made as of the date of this press release. The Company disclaims any
intent or obligation to publicly update any forward -looking infor mation (whether as a result of new
information, future events or results, or otherwise) other than as required by applicable securities laws.