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Stratabound Announces Amendment to Debt Transaction
Toronto, Ontario--(Newsfile Corp. - November 28, 2023) - Stratabound Minerals Corp. (TSXV: SB) (...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Announces Amendment to Debt TransactionToronto, Ontario--(Newsfile Corp. - November 28, 2023) - Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) (\"Stratabound\" or the \"Company\") announces that it has amended its previously announced (September 11, 2023) debt settlement agreement to settle a Company debt in the amount of $1,426,593.05 owing to R. W. Tomlinson Ltd. under a note the Company assumed with the acquisition of California Gold Mining Inc. and its subsidiaries. The parties have agreed to reduce the deemed price per share from $0.03 to $0.025, resulting in a total of 57,063,722 common shares of the Company being issued.The Debt Settlement is subject to the acceptance of the TSX Venture Exchange (\"TSXV\"). The Company shares issued upon closing of the Debt Settlement will be subject to a statutory 4-month hold period. There are no finder's fees or commissions payable in connection with the Debt Settlement transaction.About Stratabound Minerals Corp. Stratabound Minerals Corp. is a Canadian mineral exploration and development company that is developing its advanced-stage flagship Fremont Gold Project in the historic Mother Lode Gold Belt of California. The Fremont Property features an NI 43-101 Mineral Resource Estimate (MRE) of 1.16 million Au ounces at an average grade of 1.90 g/t Au within 19.0 million tonnes in the Indicated classification, plus 2.02 million ounces at an average grade of 2.22 g/t Au within 28.3 million tonnes in the Inferred Mineral Resource classification. This current MRE evaluates only 1.4 km of the entire 4 km strike length of the Fremont Property that features four gold-mineralized zones. The Company is also advancing its pipeline of early-stage exploration projects in Canada including the Golden Culvert and Win Gold Projects, Tombstone Gold Belt, YT, the McIntyre Brook Gold Project, the Captain Cobalt-Copper-Gold Deposit in New Brunswick, and the Dingman Gold Project, Ontario.For more information, please visit the company's website at www.stratabound.com or contact: R. Kim Tyler, President and CEO 416-915-4157 [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. WARNING: The Company relies upon litigatio...