Atomic Minerals issues 6.52 million shares for debt

Executive Summary

• Atomic Minerals Corp. received TSX Venture Exchange approval to settle $326,375 of outstanding debt by issuing 6,527,500 common shares at a deemed price of $0.05 per share.
• The settlement preserves cash for operations and includes a four‑month‑and‑one‑day hold period on the issued shares (expiring 2025‑12‑28).
• Two directors each contributed $30,000 (net of GST) in exchange for 600,000 common shares as part of the debt extinguishment.

Key Details

• Debt Settlement Amount: $326,375 total indebtedness settled.
• Share Issuance: 6,527,500 common shares issued at a deemed price of $0.05 per share.
• Purpose: Extinguish outstanding debt with equity to preserve cash for ongoing operations.
• Director Participation: Two directors each paid $30,000 (net of GST) and received 600,000 common shares in exchange.
• Hold Period: All shares issued are subject to a hold period of four months and one day, expiring on December 28, 2025.
• Regulatory Approval: Settlement approved by the TSX Venture Exchange as of August 27, 2025.

Notable Quotes

(No direct quotes provided in the release.)