Lodestar Metals Settles Indebtedness with Silver One Resources Inc.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) has reached a settlement agreement with Silver One Resources to resolve a $1,250,000 debt obligation. The debt originated from a share purchase agreement dated November 19, 2020, and promissory notes from March 2, 2021.
Under the settlement terms, Lodestar will pay Silver One $50,000 in cash and issue 3,000,000 common shares at a deemed price of $0.05 per share. The newly issued shares will have a four-month resale restriction period. The transaction requires final approval from the TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) ha raggiunto un accordo transattivo con Silver One Resources per risolvere un debito di 1.250.000 dollari. Il debito deriva da un accordo di acquisto azionario datato 19 novembre 2020 e da cambiali del 2 marzo 2021.
Secondo i termini dell'accordo, Lodestar pagher脿 a Silver One 50.000 dollari in contanti e emetter脿 3.000.000 di azioni ordinarie a un prezzo convenzionale di 0,05 dollari per azione. Le azioni emesse avranno un periodo di restrizione alla rivendita di quattro mesi. L鈥檕perazione necessita dell鈥檃pprovazione finale della TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) ha alcanzado un acuerdo de conciliaci贸n con Silver One Resources para resolver una deuda de 1.250.000 d贸lares. La deuda proviene de un acuerdo de compra de acciones fechado el 19 de noviembre de 2020 y pagar茅s del 2 de marzo de 2021.
Bajo los t茅rminos del acuerdo, Lodestar pagar谩 a Silver One 50.000 d贸lares en efectivo y emitir谩 3.000.000 de acciones comunes a un precio considerado de 0,05 d贸lares por acci贸n. Las acciones emitidas tendr谩n un per铆odo de restricci贸n para su reventa de cuatro meses. La transacci贸n requiere la aprobaci贸n final de la TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF)電� Silver One Resources鞕� 1,250,000雼煬鞚� 毂勲毳� 頃搓舶頃橁赴 鞙勴暅 頃╈潣鞐� 霃勲嫭頄堨姷雼堧嫟. 鞚� 毂勲電� 2020雲� 11鞗� 19鞚� 欤检嫕 毵るГ 瓿勳暯瓿� 2021雲� 3鞗� 2鞚� 鞎届啀鞏挫潓鞐愳劀 氚滌儩頄堨姷雼堧嫟.
頃╈潣 臁瓣贝鞐� 霐半澕 Lodestar電� Silver One鞐� 順勱笀 50,000雼煬毳� 歆�旮夗晿瓿�, 欤茧嫻 0.05雼煬鞚� 韽夑皜 臧�瓴╈溂搿� 3,000,000欤检潣 氤错喌欤茧ゼ 氚滍枆頃� 鞓堨爼鞛呺媹雼�. 靸堧 氚滍枆霅� 欤检嫕鞚� 4臧滌洈鞚� 鞛寪毵� 鞝滍暅 旮瓣皠鞚� 鞝侅毄霅╇媹雼�. 鞚� 瓯半灅電� TSX 氩れ矘 瓯半灅靻岇潣 斓滌 鞀轨澑鞚� 頃勳殧搿� 頃╇媹雼�.
Lodestar Metals Corp (TSXV : LSTR) (OTCQB : SVTNF) a conclu un accord de r猫glement avec Silver One Resources pour r茅gler une dette de 1 250 000 dollars. Cette dette provient d鈥檜n accord d鈥檃chat d鈥檃ctions dat茅 du 19 novembre 2020 et de billets 脿 ordre du 2 mars 2021.
Selon les termes du r猫glement, Lodestar versera 脿 Silver One 50 000 dollars en esp猫ces et 茅mettra 3 000 000 d鈥檃ctions ordinaires 脿 un prix r茅put茅 de 0,05 dollar par action. Les actions nouvellement 茅mises seront soumises 脿 une p茅riode de restriction de revente de quatre mois. La transaction n茅cessite l鈥檃pprobation finale de la TSX Venture Exchange.
Lodestar Metals Corp (TSXV: LSTR) (OTCQB: SVTNF) hat eine Vergleichsvereinbarung mit Silver One Resources getroffen, um eine Schuldenverpflichtung in H枚he von 1.250.000 USD zu begleichen. Die Schulden stammen aus einem Aktienkaufvertrag vom 19. November 2020 und Schuldscheinen vom 2. M盲rz 2021.
Gem盲脽 den Bedingungen der Vereinbarung wird Lodestar Silver One 50.000 USD in bar zahlen und 3.000.000 Stammaktien zu einem angenommenen Preis von 0,05 USD pro Aktie ausgeben. Die neu ausgegebenen Aktien unterliegen einer viermonatigen Wiederverkaufsbeschr盲nkung. Die Transaktion bedarf der endg眉ltigen Genehmigung der TSX Venture Exchange.
- Elimination of $1.25 million debt obligation
- Settlement achieved with minimal cash outlay ($50,000)
- Improved balance sheet through debt restructuring
- Dilution of existing shareholders through issuance of 3 million new shares
- Shares issued at a low price point of $0.05 per share
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - (TSXV: LSTR) (OTCQB: SVTNF) ("Lodestar" or the "Company"), announces that it has entered into a settlement agreement with Silver One Resources Inc. ("Silver One") whereby the Company and Silver One have agreed to a complete settlement of the
In consideration of Silver One's release of the Indebtedness, the Company has agreed to pay
The Shares will be subject to restrictions on resale for a period of four months from the date of issue. The transaction is subject to final acceptance by the TSX Venture Exchange.
About Lodestar Metals Corp.
Lodestar Metals Corp. is a Canadian mining exploration company. The Company's
Contacts
Lodestar Metals Corp.
Lowell Kamin, President, CEO & Chairman of the Board
(416) 272-1241
[email protected]
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates.
NEITHER 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 are the terms of Lodestar Metals (SVTNF) debt settlement with Silver One Resources?
How long is the lock-up period for shares issued in SVTNF's debt settlement?
What is the origin of SVTNF's debt with Silver One Resources?
What regulatory approval does SVTNF need for the debt settlement?
