- B.C. Moly (BM.H) has completed its previously announced C$1,110,417.39 debt settlement
- The company settled the debt owed to 1095474 B.C. Ltd. (formerly Prairie Enterprises Alberta) through the issuance of common shares
- 1095474 B.C. Ltd. is controlled by Edward Yurkowski, B.C. Moly’s CEO
- B.C. Moly is a mineral exploration company developing its Storie Property molybdenum deposit near Cassiar, B.C.
- B.C. Moly (BM.H) closed up by 80 per cent trading at $0.27 per share
B.C. Moly (BM.H) has completed its previously announced C$1,110,417.39 debt settlement.
The company settled the debt owed to 1095474 B.C. Ltd. (formerly Prairie Enterprises Alberta) by issuing 19,740,754 common shares priced at $0.05625 per share.
1095474 B.C. Ltd. has forgiven any debt owed by the company that was not converted in accordance with the debt settlement.
The settlement constitutes a related-party transaction as 1095474 B.C. Ltd. is controlled by Edward Yurkowski, B.C. Moly’s CEO.
The shares issued are subject to a statutory hold period of four months plus a day from the date of issuance.
B.C. Moly is a mineral exploration company developing its Storie Property molybdenum deposit near Cassiar, B.C.
B.C. Moly (BM.H) closed up by 80 per cent trading at $0.27 per share.