Karam Minerals Inc. Vancouver, British Columbia Karam Minerals Inc. Announces Debt Settlement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
KARAM MINERALS INC.
VANCOUVER, BRITISH COLUMBIA
KARAM MINERALS INC. ANNOUNCES DEBT SETTLEMENT
Vancouver, British Columbia, December 15, 2021 – Karam Minerals Inc. (the “ Company” or “Karam”)
(CSE: KMI; OTCPK:KMMIF) announces that it has entere d into debt settlement agreements with a certain
creditor (the “Creditor”) to settle an aggregate of $31,804.49 in debt (the “ Debt”). In settlement of the Debt,
the Company will issue an aggregate of 132,518 common shares in the capital of the Company (the “ Debt
Shares”) at a deemed price of $0.24 per Debt Share (the “Debt Settlement”).
All securities issued in connection with the Debt Settlement are subject to a statutory hold period of four months
plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the Debt
Settlement is subject to a number of conditions, including receipt of all necessary corporate approvals.
The securities being referred to in this news release have not been, nor will they be, registered under the United
States (U.S.) Securities Act of 1933, as amended, and ma y not be offered or sold in the U.S. or to, or for the
account or benefit of, U.S. persons absent registratio n or an applicable exemption from the registration
requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Karam
The Company is a resource exploration issuer which is actively seeking out projects in North America and
internationally. With experienced management and advisors the Company is well suited to locate viable projects
to pursue.
For further information contact:
Kelvin Lee
Chief Financial Officer
Email: [email protected]
Neither the Canadian Securities Exchan ge nor its Regulation Services Prov ider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
FORWARD LOOKING STATEMENTS:
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and
information that may constitute “forward-looking information” within the meaning of applicable Canadian
securities laws. All statements in this news release, other than statements of historical facts, including statements
regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance,
including the Company’s anticipated use of proceeds from the Offering, are forward-looking statements and
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contain forward-looking information. Generally, forward-looking statements and information can be identified
by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and
phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur".
Forward-looking statements are based on certain material assumptions and analysis made by the Company and
the opinions and estimates of management as of the date of this news release. These forward-looking statements
are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level
of activity, performance or achievements of the Company to be materially different from those expressed or
implied by such forward-looking statements or forward-looking information. Important factors that may cause
actual results to vary include, without limitation: uncertainties affecting the Company’s expected use of
proceeds, the Company’s ability to enter the Canadian tobacco market and the Company’s ability to obtain any
required provincial and federal licenses and registrations to operate in the tobacco industry. Although
management of the Company has 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
statements and forward-looking information. Readers are cautioned that reliance on such information may not
be appropriate for other purposes. The Company does not undertake to update any forward-looking statement,
forward-looking information or financial out-look that are incorporated by reference herein, except as required
by applicable securities laws.