Volcanic proposes debt settlement

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"Volcanic proposes debt settlement(via TheNewswire)\n \n \nMarch 4, 2019 / TheNewswire / Vancouver, British Columbia - Volcanic Gold Mines Inc. (TSXV: VG) announces that in order to preserve the Company's current cash position, management proposes to issue up to 4,000,000 common shares at a deemed price of $0.05 per share to settle up to $200,000 owing to creditors.\n\n \n \nThe completion of the debt settlement is subject to stock exchange approval.\n\n \n \nAbout Volcanic\n\n \n \nVolcanic brings together an experienced and successful mining, exploration and capital markets team focused on building multi-million ounce gold resources in underexplored countries. Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold resources, and by undertaking effective exploration and drill programs, Volcanic intends to become a leading gold company.\n\n \n \nFor further information, visit our website at www.volgold.com.\n\n \n \nVolcanic Gold Mines Inc.\n\n\n \nSimon Ridgway, Executive Chairman\n\n \n \nNeither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nForward-looking statements\n\n \n \nCertain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the Company's business goals and the proposed debt settlement. Often, but not always, these forward looking statements can be identified by the use of words such as \"estimate\", \"estimates\", \"estimated\", \"potential\", \"open\", \"future\", \"assumed\", \"projected\", \"used\", \"detailed\", \"has been\", \"gain\", \"upgraded\", \"offset\", \"limited\", \"contained\", \"reflecting\", \"containing\", \"remaining\", \"to be\", \"periodically\", or statements that events, \"could\" or \"should\" occur or be achieved and similar expressions, including negative variations. \n\n \n \nForward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, perfor...

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