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Walker Lane Announces Shares for Debt Issuance
Walker Lane Announces Shares for Debt Issuance Canada NewsWire TSX-V: WLR  ...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"\n\n\nWalker Lane Announces Shares for Debt Issuance\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTSX-V: WLR  Frankfurt: 6YL\nVANCOUVER, BC, Dec. 17, 2025 /CNW/ - CMC Metals Ltd. (TSXV: CMB) (Frankfurt: ZM5P) (\"CMC\" or the \"Company\") is pleased to announce that it has settled and extinguished $77,600 of outstanding debt (the \"Debt\") through the issuance of common shares of the Company (the \"Shares\").\n\n\n\n\n\n\n\nIn accordance with the settlement of debt (the \"Debt Settlement\"), the Company will issue 405,714 common shares to one non-arm's length creditor of the Company (the \"Non-Arm's Length Creditor\") and 333,333 common shares to one arm's length creditor (the \"Arm's Length Creditor\") at a deemed price of $0.105 per Share. The Company has entered into administrative and professional services agreements provided between the periods of April to August 2025, inclusive, with the Non-Arm's Length Creditor for services provided and services agreements for the period April to October 2025, inclusive with the Arm's Length Creditor.\nThe Company chose to settle and extinguish the Debt through the issuance of Shares to preserve cash and improve the Company's balance sheet. The Debt Settlement is subject to approval by the TSX Venture Exchange (the \"TSXV\"). No new insiders will be created, nor will any change of control occur as a result of the issuance of the Shares.\nThe shares issued are subject to a four month hold period, which will expire on a date that is four months and one day from the date of issuance.\nAs certain insiders are party to the Agreement for $35,000 or 333,333 shares, it may be considered a \"related party transaction\" under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares...