Pinnacle Issues Shares for Debt
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868
TSXV: PINN OTC: NRGOF
Pinnacle Issues Shares for Debt
VANCOUVER, BRITISH COLUMBIA, June 16, 2025 (TSXV: PINN, US: NRGOF, Frankfurt: P9J) –
Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") announces that, in order to conserve
capital and improve the balance sheet , it has agreed with certain creditors to accept shares in the
company in settlement of their debt. The aggregate number of shares to be issued, subject to TSXV
approval, is 2,491,667 at a price of $0.06 per share, for settlement of $149,500.00. All securities issued
will be subject to a four-month hold period which will expire on the date that is four months and one day
from the date of issue.
The issuance of 2,491,667 common shares to directors and officers of the Company constitutes a
"related party transaction" as this term is defined in Multilateral Instrument 61 -101: Protection of
Minority Securityholders in Special Transactions (" MI 61 -101"). The directors and officers of the
Company, acting in good faith, determined that the fair market value of the common shares being
issued pursuant to the shares for debt transaction and the consideration being paid is reasonable. The
Company intends to rely on the exemptions from the valuation and minority shareholder approval
requirements of MI 61 -101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61 -101 as neither the fair
market value of the common shares nor the debt exceeds 25% of the Company's market capitalization.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The addition of
the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt complement s the Company’s
project portfolio and provides the potential for near-term production. In the prolific Red Lake District of
northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade
Argosy Gold Mine and the adjacent North Birch Project with an eight -kilometre-long target horizon .
With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold
is committed to building long-term, sustainable value for shareholders.
Signed: “Robert A. Archer”
President & CEO
FOR FURTHER INFORMATION CONTACT:
Email: [email protected]
Tel.: +1 (877) 271-5886 ext. 110
Website: www.pinnaclesilverandgold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.