Search Minerals Inc. Announces Closing of Settlement with Certain Creditors
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) has successfully completed a debt settlement agreement with certain creditors. The company issued 203,688 common shares to settle a debt of $100,000 (less applicable tax withholdings). The shares were issued on August 11, 2025, and are subject to a four-month hold period as per securities regulations.
This settlement follows the company's previous announcement on July 15, 2025, and has received approval from the TSX Venture Exchange. With this share issuance, the debt has been fully settled and extinguished.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) ha completato con successo un accordo di ristrutturazione del debito con alcuni creditori. La societ脿 ha emesso 203,688 azioni ordinarie per estinguere un debito di $100,000 (al netto delle ritenute fiscali applicabili). Le azioni sono state emesse l'11 agosto 2025 e sono soggette a un periodo di blocco di quattro mesi ai sensi delle normative sui valori mobiliari.
Questo accordo segue il precedente annuncio del 15 luglio 2025 ed 猫 stato approvato dalla TSX Venture Exchange. Con questa emissione di azioni il debito 猫 stato completamente estinto.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) ha completado con 茅xito un acuerdo de liquidaci贸n de deuda con ciertos acreedores. La compa帽铆a emiti贸 203,688 acciones ordinarias para saldar una deuda de $100,000 (menos las retenciones fiscales aplicables). Las acciones se emitieron el 11 de agosto de 2025 y est谩n sujetas a un periodo de retenci贸n de cuatro meses conforme a la normativa sobre valores.
Este acuerdo sigue al anuncio previo del 15 de julio de 2025 y ha recibido la aprobaci贸n de la TSX Venture Exchange. Con esta emisi贸n de acciones la deuda ha quedado totalmente saldada y extinguida.
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Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) a conclu avec succ猫s un accord de r猫glement de dettes avec certains cr茅anciers. La soci茅t茅 a 茅mis 203 688 actions ordinaires pour r茅gler une dette de 100 000 $ (moins les retenues fiscales applicables). Les actions ont 茅t茅 茅mises le 11 ao没t 2025 et sont soumises 脿 une p茅riode de blocage de quatre mois conform茅ment 脿 la r茅glementation sur les valeurs mobili猫res.
Ce r猫glement fait suite 脿 l'annonce pr茅c茅dente du 15 juillet 2025 et a re莽u l'approbation de la TSX Venture Exchange. Avec cette 茅mission d'actions, la dette a 茅t茅 enti猫rement r茅gl茅e et 茅teinte.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) hat eine Vereinbarung zur Begleichung von Verbindlichkeiten mit bestimmten Gl盲ubigern erfolgreich abgeschlossen. Das Unternehmen hat 203.688 Stammaktien ausgegeben, um eine Schuld in H枚he von $100.000 (abz眉glich etwaiger steuerlicher Einbehalte) zu begleichen. Die Aktien wurden am 11. August 2025 ausgegeben und unterliegen gem盲脽 den Wertpapierbestimmungen einer viermonatigen Sperrfrist.
Diese Regelung folgt auf die fr眉here Mitteilung vom 15. Juli 2025 und wurde von der TSX Venture Exchange genehmigt. Durch diese Aktienausgabe ist die Verbindlichkeit vollst盲ndig beglichen und erloschen.
- Successful debt settlement of $100,000 through equity issuance
- Received TSX Venture Exchange approval for the settlement
- Dilution of existing shareholders through issuance of 203,688 new shares
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - August 11, 2025) - Search Minerals Inc. (TSXV: SMY) (OTC Pink: SHCMF) (the "Company") announced today that further to the Company's press release of July 15, 2025, the Company has received the approval of the TSX Venture Exchange to settle
Following the issuance of the Shares, the Debt is now settled and extinguished.
FOR FURTHER INFORMATION PLEASE CONTACT:
Joseph Lanzon
CEO and Director
Tel: 613-796-5957
E-mail: [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.
To view the source version of this press release, please visit
FAQ
What is the debt settlement amount announced by Search Minerals (SHCMF) on August 11, 2025?
How many shares did Search Minerals (SHCMF) issue for the debt settlement?
When will the newly issued Search Minerals (SHCMF) shares be freely tradeable?
Which exchange approved Search Minerals' (SHCMF) debt settlement?
