Cornerstone Capital Resources Closes Debt Settlement
TSX VENTURE: CGP
OTTAWA, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announced today that it has closed its debt settlement transaction announced on December 11, 2018. Pursuant to the debt settlement transaction, Cornerstone has issued 1,129,032 common shares of the Company at a deemed price of C$0.31 in settlement of C$350,000 of debt.
The shares issued pursuant to the transaction have a hold period expiring on April 14, 2019.
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.
Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:
Tel. (514) 346-3813
Tel. (343) 689-0714
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On Behalf of the Board,
President and CEO
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.