Interest i n Debenture The Deb t statutory
TSX.V: N
VANCOU
intends to
on Nove m
Debenture
which Int
issuance o
Despite t h
holders of
term of th
According
Interest ow
An inside
constitute
Minority S
exempt f r
5.5(b) as t
approval
that the f
exceed 2 5
Interest i n
Debenture
The Deb t
statutory
Settlemen
On behalf
“Peter Es
Peter Esp
CEO & D
NIM
UVER, B.C., N
o pay all of t h
mber 21, 20 1
es mature o n
terest is pa yab
of Shares at a
he terms of t
f the Debentu
he Debentures
gly, the Comp
wing of $695,
er of the Co m
e a “related pa
Security Hold
rom the val u
the Company
requirements
fair market v
5% of the C o
n Shares in l
es.
t Settlement i
hold period e
nt.
f of the Board
pig”
pig
Director
NICOLA M
November 1,
he interest ow
14 b y the iss
n November
ble under th e
price per Sha
the Debentu r
ures to settle
s.
pany intends
,588.20 (the “D
mpany will b e
arty transacti
ers in Special
uation requir e
y’s shares are
s of MI 61-101
alue of the c
ompany’s mar
ess than 21 d
is sub ject to
expiring on t
d of Directors
MINING ANN
2019 – Nico l
wing on the s e
uance of co m
21, 2019 an d
e terms of th e
are of $0.095.
res, the Co m
the outstandi
to issue 7,321
Debt Settlem
e issued 6,57 8
ion” within th
Transactions
ement of MI
e not listed o n
1 by virtue of
onsideration
rket capitali z
days as the p
TSX Ventur e
the date that
NOUNCES D
la Mining Inc
ecured conve
mmon share s
d bear intere s
e Debentures
pany intend s
ing interest p
1,981 Shares a
ment”).
8,947 Shares p
he meaning o
(“MI 61-101
61-101 b y v i
n a specified
f the exemptio
of the Shar e
zation. The C
payment of I n
e Exchan ge a
is four mont h
DEBT SETTLE
c. (the “ Comp
ertible debentu
s (each, a “ S
st (“ Interest”
s annually as
s on pa ying
payment oblig
at a price of $
pursuant to t
of Multilateral
1”). The inte n
irtue of the e
market and
on contained
es to be issu e
Company w i
nterest is du
approval. T
hs and one d
EMENT
pany”) today
ures (the “De
Share”) of t h
”) at a rate o f
to 50% in ca s
all of the In t
gation for the
$0.095 per Sha
the Debt Sett l
l Instrument
nded issuanc
exemption c o
from the mi n
in section 5.7
ed to the rel a
ill close on t h
e pursuant t o
The Shares w
day after the c
y announces t
ebentures”) i
he Compan y.
f 10% per a n
sh and 50% b
terest in Sha
e fourth year
are in settlem
lement, which
61-101 Protec
e to the insi d
ontained in s e
nority shareh
7(a) of MI 61-1
ated party w i
he pa yment o
o the terms o
will be sub ject
closing of th e
that it
issued
The
nnum,
by the
res to
of the
ment of
h will
ction of
der is
ection
holder
101 in
ill not
of the
of the
t to a
e Debt
For additional information contact:
Peter Espig
Telephone: (604) 647-0142
Email: [email protected]
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.
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the Debt Settlement and the securities issuable
thereunder are forward-looking statements and are prospective in nature. Forward-looking statements
are not based on historical facts, but rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could cause actual results to differ materially
from the future results expressed or implied by the forward-looking statem ents. These statements
generally can be identified by the use of forward-looking words such as “may”, “should”, “will”,
“could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative
thereof or similar variations. Forward-looking stat ements in this news re lease include statements
regarding the settlement of the Interest, resale restrict ions relating to the secu rities to be issued and
receipt of the approval of the TSX Venture Exchange. Such statements are qualified in their entirety by
the inherent risks and uncertainties surrounding the Company’s ability to complete the Debt Settlement,
including the risk that the Debt Settlement may not be completed as expected or at all, that the TSX
Venture Exchange may not approve the Debt Settlement and such other factors beyond the control of the
Company. Such forward looking statements should therefore be construed in light of such factors, and
the Company is not under any obligation, and expressl y disclaims any intention or obligation, to update
or revise any forward looking statements, whether as a result of new information, future events or
otherwise. 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.