Golden Goose Resources Announces Debt Settlement

Executive Summary

• Golden Goose Resources Corp. entered into a settlement agreement to extinguish $30,400 of outstanding indebtedness by issuing 245,657 common shares at a deemed price of $0.12375 per share.
• The creditor is 919 Consulting Ltd., controlled by the company’s CFO Sarah Busk, making the transaction a related‑party transaction under MI 61‑101.
• All settlement shares are subject to a statutory hold period of four months and one day, and the CSE has accepted the settlement.

Key Details

• Debt Amount Settled: $30,400 total outstanding indebtedness.
• Settlement Shares Issued: 245,657 common shares at a deemed price of $0.12375 per share.
• Purpose: Preserve cash for ongoing operations and exploration activities.
• Related Party: Creditor is 919 Consulting Ltd., controlled by CFO Sarah Busk.
• Regulatory Exemptions: Company relied on MI 61‑101 exemptions (Sections 5.5(a) and 5.7(1)(a)) because the fair market value of the shares does not exceed 25% of market capitalization.
• Material Change Report: No material change report filed 21 days prior to closing, as participation details were finalized shortly before execution.
• CSE Acceptance: Settlement accepted by the Canadian Securities Exchange.
• Hold Period: Settlement shares subject to a statutory hold period of four months and one day from issuance, plus an additional four‑month CSE policy hold.

Notable Quotes

(No direct quotes included in the release.)