Pegmatite One to settle $213,500 debt with shares

Executive Summary

• Pegmatite One Lithium and Gold Corp. has proposed a settlement of outstanding indebtedness valued at up to $213,500.
• The company will issue up to 2,551,765 common shares to satisfy this debt, effectively converting the liability into equity.
• The transaction is contingent upon approval from the Canadian Securities Exchange and includes a standard hold period for the issued securities.

Key Details

• Debt Amount: Up to $213,500 in outstanding indebtedness.
• Consideration: Up to 2,551,765 common shares of Pegmatite One Lithium and Gold Corp.
• Implied Price: 8.5 cents per common share.
• Hold Period: The issued securities are subject to a four-month-and-one-day hold from the date of issuance.
• Conditions: The debt settlement is subject to approval by the Canadian Securities Exchange.

Notable Quotes

• None provided in the text.