Search Minerals Inc. Announces Closing of Settlement with Certain Creditors
Search Minerals settled $100,000 debt by issuing 203,688 shares, approved by TSX Venture, with a four-month hold period.
Michael Chen
Senior Mining Analyst
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 $100,000 (less applicable tax withholdings) in debt owing to certain creditors (the "Debt") through the issuance of 203,688 common shares of the Company (the "Shares"). The Shares were issued on August 11, 2025, and are subject to a four-month hold period in accordance with applicable securities laws.
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
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Michael Chen
Michael has over 15 years of experience covering junior mining companies, with a focus on precious metals exploration and development.
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