Barranco Gold Mining to Settle Debt with Shares
Barranco Gold Mining Corp. announced its intention to settle $250,000 of indebtedness to a non-arm's length creditor through the issuance of common shares.
VANCOUVER, BC – Barranco Gold Mining Corp. announced today its intention to settle an aggregate of $250,000 in indebtedness owed to a creditor considered non-arm's length. The settlement will be executed through the issuance of common shares.
The terms of the transaction, including the share price for the settlement, are subject to negotiation between the parties. This debt settlement is part of the company's ongoing efforts to manage its financial obligations.
Barranco Gold Mining Corp. is a Canadian mineral exploration company focused on gold. The company's shares are listed on the CSE, FWB, and OTCQB exchanges.
Further details regarding the settlement are expected to be disclosed at a later date.