Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE:TTC; “Tartisan” or the “Company”)The Company wishes to announce that it has entered into agreements to settle a total of $172,000 of debt (the “Debt”) with arms-length and non-arms-length parties to the Company (collectively the “Shares for Debt Settlement”).
The Debt payable to the arms-length parties totals $51,000 and that to non-arms-length parties totals $121,000. The Company will settle these debts, subject to regulatory approval, by issuing an aggregate of 3,440,000 common shares at an average price of $0.05/share. All securities to be issued will be subject to a hold period of four months plus one day. The Company will have 49,074,982 shares outstanding (51,924,982 fully diluted) after completion of the Shares for Debt Settlement transaction.
Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 45,634,982 shares outstanding (51,924,982 fully diluted).
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (This email address is being protected from spambots. You need JavaScript enabled to view it.), Mr. Luc Pigeon B.Sc., M.Sc., P.Geo. is the Company’s QP and serves as the GM of Minera Tartisan. Mr. Pigeon can be contacted at +51986651325 (This email address is being protected from spambots. You need JavaScript enabled to view it.). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
