Valterra Amends Shares for Debt Settlement
Valterra Amends Shares for Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - May 18, 2022) -
Valterra Resource Corporation
(TSXV: VQA) (OTCQB: VRSCF) ("Valterra" or the "Company") has amended its debt settlement
agreement with Manex Resource Group Inc. ("Manex") and will now settle a debt of $389,904.30 by the
issuance of 7,798,086 common shares at a price of $0.05 per share. The debt was incurred as a result
of Manex providing office space, facilities, equipment, and services with respect to the administrative
and corporate affairs of the Company since September 2013.
The debt settlement was previously
announced in the news release dated February 1, 2022. The common shares that will be issued upon
this debt settlement will be subject to a hold period of four months and one day and their issuance will
fully extinguish the debt under the amended debt settlement agreement.
About Valterra Resource Corporation
Valterra is a Manex Resource Group Company. The Group provides expertise in exploration,
administration, and corporate development services for Valterra's mineral properties located in British
Columbia and Mexico. Valterra is advancing its early-stage properties that have the potential to host
large deposits in regions with excellent infrastructure. Valterra owns a 100% interest in the Swift-Katie
copper gold porphyry property in British Columbia and has an option to earn a 100% interest in the Los
Reyes copper-gold property in Mexico.
On behalf of the Board of Directors,
"Lawrence Page"
Lawrence Page Q.C., President, Valterra Resource Corporation
For further information, please visit Valterra's website at
valterraresource.com
or contact Valterra at
604.641.2759 or by email at
.
Neither 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.
This news release may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. These statements are based on a
number of assumptions, including, but not limited to, assumptions regarding general economic
conditions, interest rates, commodity markets, regulatory and governmental approvals for Valterra
Resource Corporation's projects, and the availability of financing for Valterra Resource Corporation's
development projects on reasonable terms. Factors that could cause actual results to differ materially
from those in forward-looking statements include market prices, exploitation and exploration
successes, the timing and receipt of government and regulatory approvals, and continued availability
of capital and financing and general economic, market or business conditions. Valterra Resource
Corporation does not assume any obligation to update or revise its forward-looking statements,
whether as a result of new information, future events or otherwise, except to the extent required by
applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/124542