On August 21, 2024, York Harbour Metals Inc. (TSXV: YORK) (OTC Pink: YORKF) (FSE: 5DE) announced that it has reached debt settlement agreements with third-party creditors and three directors of the company. As part of the agreement, the company will issue a total of 4,723,088 common shares at a price of $0.07 per share to settle a debt of CAD$330,616.38. Of this amount, CAD$87,812.50 or 1,254,463 shares are owed to the directors. The transaction is subject to approval from the TSX Venture Exchange, and all shares issued will have a hold period of four months and one day.
York Harbour Metals Inc. is an exploration and development company with two projects in Newfoundland, Canada. These projects include the York Harbour Copper-Zinc-Silver Project and the Bottom Brook Rare Earth Elements Project. The company recently entered into an option agreement with Firetail Resources to earn a 75% interest in the York Harbour project. For more information about York Harbour Metals, please contact via email at info@yorkharbourmetals.com or by phone at +1-778-302-2257. Additional details can be found on the company’s website.
The CEO and President of York Harbour Metals, Blair Naughty, emphasized the importance of forward-looking statements in the news release. The company cautions that actual results may differ from those expressed or implied in these statements due to various risks and uncertainties. The company disclaims any obligation to update or revise forward-looking statements. For the original press release, please visit the source version at https://www.newsfilecorp.com/release/220758.
