Stratabound Announces Amendment to Debt Transaction
Stratabound Announces Amendment to Debt
Transaction
Toronto, Ontario--(Newsfile Corp. - November 28, 2023) -
Stratabound Minerals Corp. (TSXV: SB)
(OTCQB: SBMIF) ("Stratabound" or the "Company")
announces that it has amended its previously
announced (September 11, 2023) debt settlement agreement to settle a Company debt in the amount of
$1,426,593.05 owing to R. W. Tomlinson Ltd. under a note the Company assumed with the acquisition of
California Gold Mining Inc. and its subsidiaries. The parties have agreed to reduce the deemed price
per share from $0.03 to $0.025, resulting in a total of 57,063,722
common shares of the Company being
issued.
The Debt Settlement is subject to the acceptance of the TSX Venture Exchange ("TSXV").
The
Company shares issued upon closing of the Debt Settlement will be subject to a statutory 4-month hold
period.
There are no finder's fees or commissions payable in connection with the Debt Settlement transaction.
About Stratabound Minerals Corp
.
Stratabound Minerals Corp. is a Canadian mineral exploration and development company that is
developing its advanced-stage flagship Fremont Gold Project in the historic Mother Lode Gold Belt of
California. The Fremont Property features an NI 43-101 Mineral Resource Estimate (MRE) of 1.16
million Au ounces at an average grade of 1.90 g/t Au within 19.0 million tonnes in the Indicated
classification, plus 2.02 million ounces at an average grade of 2.22 g/t Au within 28.3 million tonnes in
the Inferred Mineral Resource classification. This current MRE evaluates only 1.4 km of the entire 4 km
strike length of the Fremont Property that features four gold-mineralized zones. The Company is also
advancing its pipeline of early-stage exploration projects in Canada including the Golden Culvert and
Win Gold Projects, Tombstone Gold Belt, YT, the McIntyre Brook Gold Project, the Captain Cobalt-
Copper-Gold Deposit in New Brunswick, and the Dingman Gold Project, Ontario.
For more information, please visit the company's website at
www.stratabound.com
or contact: R. Kim
Tyler, President and CEO 416-915-4157
Neither the 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.
WARNING:
The Company relies upon litigation protection for "forward-looking" statements. The
information in this release may contain forward-looking information under applicable securities laws.
This forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those implied by the forward-looking information.
Factors that may cause actual results to vary materially include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of mineral deposits, currency fluctuations,
unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain
regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits,
changes in general economic conditions or conditions in the financial markets and the inability to raise
additional financing. Readers are cautioned not to place undue reliance on this forward-looking
information. The Company does not assume the obligation to revise or update this forward-looking
information after the date of this release or to revise such information to reflect the occurrence of future
unanticipated events, except as may be required under applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/188986