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Battery Mineral Resources Corp. announces attendance at CESCO week in Santiago Chile and interest settlement transactions with holders of convertible debentures
(NewsDirect) Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (“...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Corp. announces attendance at CESCO week in Santiago Chile and interest settlement transactions with holders of convertible debentures\n \n \n (NewsDirect)\n \n \n Battery Mineral\nResources Corp. (\n \n TSXV: BMR\n \n ) (\n \n OTCQB: BTRMF\n \n )\n(“\n \n Battery\n \n ” or “\n \n BMR\n \n ” or the “\n \n Company\n \n ”)\nis very pleased to announce that its senior executives will be\nattending the Centro de Estudios de Cobre y la Mineria\n(“\n \n CESCO\n \n ”) event in Santiago Chile the week of April\n17\n \n th\n \n to 21\n \n st\n \n . CESCO Week and the\n \n \n World\nCopper Conference provide some of the most important commercial and\nnetworking opportunities in the mining industry, attracting in excess\nof 2000 delegates. Both events are renowned for the calibre of\ndelegates and attract CEO participants from the world’s most\nimportant miners and smelters.\n \n \n BMR is also pleased to announce that it has entered\ninto interest settlement agreements with certain holders of\nconvertible debentures of the Company (the “\n \n Debenture\nHolders\n \n ”) for the payment of accrued interest owing under\nconvertible debentures previously issued by the Company during 2022 by\nway of issuance of common shares of the Company. Pursuant to these\nagreements, BMR has agreed to issue an aggregate of 5,202,902 common\nshares (“\n \n Shares\n \n ”) to settle C$830,038 of accrued interest\nowing to Debenture Holders (collectively, the “\n \n Interest\nSettlement Transactions\n \n ”) as follows:\n \n \n \n 1,575,758 Shares at a deemed price of\nC$0.165 per Share.\n \n \n 294,300 Shares at a deemed price of C$0.19\nper Share.\n \n \n 2,194,800 Shares at a deemed price of C$0.14 per\nShare; and\n \n \n 1,138,044 Shares at a deemed price of C$0.18 per\nShare.\n \n \n \n Max\nSatel, CFO of BMR, commented: “We are pleased to have received the\ncontinued support of our Debenture Holders, who have agreed to accept\ntheir first-year interest in the form of Shares. This will further\nassist the Company in deploying its capital resources towards early\nre-start activities at the Punitaqui project.”\n \n \n The completion of the\nInterest Settlement Transactions is subject to the acceptance of the\nTSX Ve...