Medaro Announces Shares for Debt
Medaro Mining Announces Shares for Debt Settlement
VANCOUVER, BC, February 5, 2025 – Medaro Mining Corp. (CSE: MEDA; OTC: MEDAF; FWB: 1ZY) (“Medaro” or
the “ Company”) is pleased to announce that it has entered into a debt conversion agreement (the
“Agreement”), dated February 4, 2024, with certain creditors of the Company (the “Creditors”) to settle a debt
of $297,682 owing to the Creditors through the issuance to the Creditors of an aggregate of 3,166,826 common
shares (each, a “Share”) at a price of $0.094 per Share (the “Shares for Debt Transaction”).
The debt settlement will not create a new control person nor are any insiders participating in the settlement.
The Company wishes to complete the Shares for Debt Transaction to improve its financial position by reducing
its existing liabilities.
The debt settlement transaction is subject to the approval of the Canadian Securities Exchange (the “ CSE”)
and pursuant to the policies of the CSE, the Shares are subject to a hold period of four months from the date
of issuance.
On Behalf of The Board of Directors,
Faizaan Lalani
Interim CEO & Director
About the Company
The Company is an exploration company based in Vancouver, BC, and holds options over the Darlin, Rapide, Lac
La Motte and CYR South lithium properties in Quebec. The Company owns the James Bay Pontax project in
Quebec and the Superb Lake lithium property located in Thunder Bay, Ontario. The Company is a party to a joint
venture agreement that engages the Company in the development and commercialization of a new process to
extract lithium from spodumene concentrate.
For more information, investors should review the Company’s filings that are available at www.sedarplus.ca.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws.
All statements that are not historical facts, including without limitation, statements regarding future estimates,
plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance,
including statements regarding the Shares for Debt Transaction and the purpose thereof, are "forward-looking
statements." These forward -looking statements reflect the expec tations or beliefs of management of the
Company based on information currently available to it. Forward-looking statements are subject to a number of
risks and uncertainties, including those detailed from time to time in filings made by the Company with securities
regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-
looking statements. These factors should be considered carefully, and readers are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking statements and information contained in this
news release are made as of the date hereof and the Company undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.
Contact Information
604-602-0001