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 società 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 è stato approvato dalla TSX Venture Exchange. Con questa emissione di azioni il debito è stato completamente estinto.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) ha completado con éxito un acuerdo de liquidación de deuda con ciertos acreedores. La compañía emitió 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 están sujetas a un periodo de retención 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 aprobación de la TSX Venture Exchange. Con esta emisión de acciones la deuda ha quedado totalmente saldada y extinguida.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF)는 일부 채권자들과의 채무 정산 계약을 성공적으로 완료했습니다. 회사는 203,688 보통주를 발행하여 $100,000의 채무(해당 세금 원천징수 금액 제외)를 상환했습니다. 주식은 2025년 8월 11일에 발행되었으며 증권 규정에 따라 4개월의 보호예수 기간이 적용됩니다.
이번 정산은 2025년 7월 15일의 이전 발표에 따른 것이며 TSX Venture Exchange의 승인을 받았습니다. 이번 주식 발행으로 채무는 완전히 정산되어 소멸되었습니다.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) a conclu avec succès un accord de règlement de dettes avec certains créanciers. La société a émis 203 688 actions ordinaires pour régler une dette de 100 000 $ (moins les retenues fiscales applicables). Les actions ont été émises le 11 août 2025 et sont soumises à une période de blocage de quatre mois conformément à la réglementation sur les valeurs mobilières.
Ce règlement fait suite à l'annonce précédente du 15 juillet 2025 et a reçu l'approbation de la TSX Venture Exchange. Avec cette émission d'actions, la dette a été entièrement réglée et éteinte.
Search Minerals Inc. (TSXV: SMY | OTC: SHCMF) hat eine Vereinbarung zur Begleichung von Verbindlichkeiten mit bestimmten Gläubigern erfolgreich abgeschlossen. Das Unternehmen hat 203.688 Stammaktien ausgegeben, um eine Schuld in Höhe von $100.000 (abzüglich etwaiger steuerlicher Einbehalte) zu begleichen. Die Aktien wurden am 11. August 2025 ausgegeben und unterliegen gemäß den Wertpapierbestimmungen einer viermonatigen Sperrfrist.
Diese Regelung folgt auf die frühere Mitteilung vom 15. Juli 2025 und wurde von der TSX Venture Exchange genehmigt. Durch diese Aktienausgabe ist die Verbindlichkeit vollständig 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: info@searchminerals.ca
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 https://www.newsfilecorp.com/release/262038
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?
