Business
GETCHELL GOLD CORP. ANNOUNCES SETTLEMENT OF ALL OUTSTANDING DEBENTURES
Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that the Company has extinguished all remaining debt with the final settlement of outstanding debentures ("Debentures") in the aggregate principal amount of $275,430.
About this update from Getchell Gold Corp.
[{"type":"text","content":"VANCOUVER, BC, Aug. 25, 2025 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that the Company has extinguished all remaining debt with the final settlement of outstanding debentures ("Debentures") in the aggregate principal amount of $275,430.","length":355,"tagName":"p"},{"type":"image","alt":"Getchell Gold Corp. logo (CNW Group/Getchell Gold Corp.)","displaySize":"","headline":null,"caption":"Getchell Gold Corp. logo (CNW Group/Getchell Gold Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":390,"url":"https://media.zenfs.com/en/cnwgroup.com/8277fc98d88633c003d815cc615e5ea0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/huzS_vG_cTck3Xg68oc8EA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTY4NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/8277fc98d88633c003d815cc615e5ea0","width":400,"height":390}},"href":"https://mma.prnewswire.com/media/2756789/Getchell_Gold_Corp__GETCHELL_GOLD_CORP__ANNOUNCES_SETTLEMENT_OF.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As previously disclosed (see news releases dated June 25, 2025, and June 16, 2025), Debentures with an aggregate principal amount of $4,087,888, together with accrued interest of $613,794.20, were converted into a total of 23,508,412 units during June 2025. At that time, Debentures with a remaining principal amount of $275,430 remained outstanding.","length":350,"tagName":"p"},{"type":"text","content":"The Company has now fully repaid the remaining Debentures and all accrued interest. On August 22, 2025, the Company paid $119,691 in cash, representing $70,000 in principal and $49,691 in accrued interest. In addition, $205,430 of principal was applied to the exercise of 2,054,300 previously issued Debenture warrants, resulting in the issuance of 2,054,300 common shares of the Company at a price of $0.10 per share.","length":424,"tagName":"p"},{"type":"text","content":"Other Corporate","length":15,"tagName":"p"},{"type":"text","content":"The Company further announces the resignation of Scott Frostad, VP Exploration. Mr. Frostad was integral to the advancement of the Fondaway Canyon gold project over the 4 years of his tenure and the Company wishes him well and to thank him for his contribution....