American Copper Development Corp. Provides Corporate Update

Executive Summary

• American Copper completed a debt settlement, extinguishing $350,000 of outstanding obligations by issuing 1,166,666 common shares at a deemed price of $0.30 per share.
• The transaction preserves cash for ongoing exploration and development at the Lordsburg Project.
• Issued shares are subject to a hold period of four months and one day and are not registered under U.S. securities laws.

Key Details

• Debt Settlement Amount: $350,000 of outstanding debt related to milestone payment obligations.
• Consideration Paid: 1,166,666 common shares issued at a deemed price of $0.30 per share.
• Purpose: To conserve cash resources for continued exploration and development activities at the Lordsburg Project.
• Hold Period: Shares subject to a lock‑up expiring four months and one day from issuance date, in accordance with applicable securities regulations.
• Registration Status: Shares will not be registered under the United States Securities Act of 1933; they may only be offered or sold pursuant to an exemption or registration.
• Counterparty: A non‑related party (the “Debt Settlement” counterparty).

Notable Quotes

• “The Debt Settlement was completed to preserve the Company's cash resources for ongoing exploration and development activities at the Lordsburg Project.” – Anthony Paterson, CEO and Director

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