Molten Metals Announces Debt Settlement
1411-4604-2385, v. 1
Molten Metals Announces Debt Settlement
Vancouver, British Columbia / December 27, 2024 – Molten Metals Corp. (the “Company”) (C:MOLT;
FSE:Y44) announces that it intends to settle outstanding indebtedness in the amount of $ 159,400 owed to
certain creditors in exchange for the issuance of 419,474 common shares of the Company at a deemed price
of $0.38 per share.
The Company intends to complete the debt settlement to preserve the Company's cash for working capital
and improve its financial position by reducing its existing liabilities . The debt is owed by the Company to
consultants of the Company. The debt settlement is expected to close shortly, subject to customary closing
conditions, including, but not limited to, finalizing all contractual documentation and receipt of all applicable
regulatory approvals, as applicable, including compliance with the policies of t he Canadian Securities
Exchange.
All securities issued under the debt settlement will be subject to a four-month hold period in accordance with
Canadian securities law.
For Additional Information Please Contact
Rishi Kwatra
Chief Executive Officer
Molten Metals Corp.
604.760.3999
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation.
Forward-looking information includes, but is not limited to, the completion of the debt settlement on the terms and timing
described herein. Generally, forward -looking information can be identified by the use of forward -looking terminology
such as “will” or variations of such words and phrases or statements that certain actions, events or results “will” occur.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are
made and they are from those expressed or implied by such forward -looking statements or forward-looking information
subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially
different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted
to identify important factors that could cause actual results to differ materially from those contained in forward -looking
statements or forward -looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward -looking sta tements and forward -looking information. The Company will not update any
forward-looking statements or forward-looking information that are incorporated by reference herein, except as required
by applicable securities laws.