CALGARY, Canada (June 18, 2025)— TheNewswire - In a news release issued on June 5, 2025, Pambili Natural Resources Corporation ("Pambili" or the "Company") (TSX-V: PNN) stated it had previously obtained Disinterested Shareholder Approval to convert Insider Debt to Shares at C$0.07 per share and, under the terms of the debt settlement agreements, all creditors will settle their debt at 50 cents on the dollar (the “Settlement”).
The Company further confirms that participation by those Insiders (as such term is defined under the policies of the Exchange) in the Settlement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Settlement by Insiders will not exceed 25% of the fair market value of the Company’s market capitalization.
Following this clarification the Company is pleased to announce that the TSX Venture Exchange (the “Exchange”) has approved the Settlement for an aggregate total of C$404,453. Accordingly Pambili has issued 5,777,903 new Shares to the creditors, bringing the total number of shares in issue to 60,576,261.
Under the terms of the Exchange, the Shares issued in Settlement will be subject to a statutory four-month-and-one-day-hold.
About Pambili Natural Resources Corporation
Pambili Natural Resources Corporation is a natural resources exploration and development company (www.pambilinrc.com) currently active in Zimbabwe.
For further information, contact:
Pambili Natural Resources Corporation
T: +1 (403) 277 4421
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Neither 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.
Caution Regarding Forward-Looking Information Forward-looking statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to work to be done on its gold projects in Zimbabwe. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Corporation does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.
