Cameo Announces Debt Settlement Transaction
1
CAMEO ANNOUNCES DEBT SETTLEMENT TRANSACTION
News Release
Vancouver, British Columbia – July 20, 2020 – Cameo Industries Corp. (CSE: CRU) (OTC: CRUUF) (FWB: SY7N) (the
“Company ” or “ Cameo ”) announces that its board of directors has approv ed the settlement of an aggregate
principal amount of $105,500.00 in debt for service s rendered through the issuance of common shares of the
Company (the "Debt Settlement"). Pursuant to the De bt Settlement, the Company issued an aggregate of 5 27,500
common shares of the Company (the "Shares") at a de emed price of $0.20 per Share to certain creditors of the
Company, including certain of its directors and officers (the "Creditors").
All securities issued will be subject to a statutor y hold period which will expire on the date that is four months and
one day from the date of issuance.
As certain insiders participated in the Debt Settle ment, it is considered to be a "related party trans action" under
Multilateral Instrument 61-101 - Protection of Mino rity Security Holders in Special Transactions ("MI 61-101"). The
Company is relying on the exemption from the requir ement for valuation under MI 61-101 on the basis of the
exemption contained in section 5.5(a) of MI 61-101, and on the exemption from the requirement for mino rity
shareholder approval under MI 61-101 on the basis o f the exemption contained in section 5.7(a) of MI 6 1-101 as
that the fair market value of the consideration of the Shares issued to the insiders in connection wit h the Debt
Settlement does not exceed 25% of the Company’s market capitalization.
CAMEO INDUSTRIES CORP.
“Paul Teniere”
CEO & Director
For more information contact:
604-687-2038
For more information about Cameo, please visit the Company’s SEDAR profile at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005547
Reader Advisory
This news release contains certain “forward-looking information” within the meaning of applicable secu rities law.
Forward-looking information is frequently character ized by words such as “plan”, “expect”, “project”, “intend”,
“believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or
“will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements
with respect to the Company’s proposed acquisition, exploration program and the expectations for the c obalt
industry. Although we believe that the expectations reflected in the forward-looking information are r easonable,
there can be no assurance that such expectations wi ll prove to be correct. We cannot guarantee future results,
2
performance or achievements. Consequently, there is no representation that the actual results achieved will be the
same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the state ments are
made, and are subject to a variety of risks and unc ertainties and other factors that could cause actua l events or
results to differ materially from those anticipated in the forward-looking information. Some of the ri sks and other
factors that could cause the results to differ mate rially from those expressed in the forward-looking information
include, but are not limited to: general economic c onditions in Canada and globally; industry conditio ns, including
governmental regulation and environmental regulatio n; failure to obtain industry partner and other thi rd party
consents and approvals, if and when required; the a vailability of capital on acceptable terms; the nee d to obtain
required approvals from regulatory authorities; sto ck market volatility; liabilities inherent in water disposal facility
operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of
acquisitions; geological, technical, processing and transportation problems; changes in tax laws and i ncentive
programs; failure to realize the anticipated benefi ts of acquisitions and dispositions; and the other factors. Readers
are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this n ews release is expressly qualified by this cautiona ry statement.
We undertake no duty to update any of the forward-l ooking information to conform such information to a ctual
results or to changes in our expectations except as otherwise required by applicable securities legisl ation. Readers
are cautioned not to place undue reliance on forward-looking information.
Neither the Canadian Securities Exchange nor its Re gulation Services Provider (as that term is defined in the policies
of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.