Original News Release
Pegmatite One Lithium to issue shares for debt
Mr. Kelly Abbott reports
PEGMATITE ONE LITHIUM AND GOLD CORP. TO SETTLE OUTSTANDING DEBT
Pegmatite One Lithium and Gold Corp. proposes to settle outstanding indebtedness of up to $90,000 in exchange for an aggregate of up to 666,667 common shares of the company at a price of 13.5 cents per common share.
The securities, when issued, will be subject to a four-month exchange hold and a four-month-and-one-day hold commencing from the date of issuance. In addition, the debt settlement is subject to the approval of the Canadian Securities Exchange.
We seek Safe Harbor.
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