Hudson Resources Inc. Announces Completion of Shares For Debt Transactions
12 Oktober 2022 - 5:36PM
HUDSON RESOURCES INC. (“
Hudson” or the
“
Company”) (TSX Venture Exchange “HUD”; OTC
“HUDRF”) announces that, further to its news release dated
September 28, 2022, the Company has completed the issuance of an
aggregate of 3,233,333 common shares of the Company (the
“
Settlement Shares”) at a price of C$0.05 per
share in settlement (the “
Debt Settlement”) of
outstanding accounts payable and accrued liabilities totaling
C$161,666.67 for directors’ fees owing to former and current
directors of the Company and for management fees owing to the Chief
Financial Officer of the Company (collectively, the
“
Debt”).
The TSX Venture Exchange has approved the Debt
Settlement and by issuing the Settlement Shares, the Debt has been
definitively extinguished. The Settlement Shares are subject to a
statutory hold period of four months from the date of issuance in
accordance with applicable securities legislation.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim Cambon”
President and Director
For further information:Ph:
778-373-2164
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.
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