Vancouver, September 13, 2024 -
Molten Metals Corp. (the "Company") (CSE: MOLT; FSE: Y44), announces that it has entered into a loan agreement with a director of the Company pursuant to which the Company may borrow up to $100,000. Amounts borrowed will bear interest at a rate of 15% per annum and will be due and payable on or before August 8, 2025. Pursuant to the loan agreement, the Company will issue to the Lender up to 800,000 bonus shares of the Company at a deemed price of $0.025 per share.
The Lender is a related party to the Company and the Loan constitutes a 'related party transaction' pursuant to Multi-Lateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation requirements contained in section 5.5(b) of MI 61-101 and the minority shareholder approval requirements contained in section 5.7(1)(b) of MI 61-101.
About the Company
Molten Metals is developing Antimony & Antimony-Gold mine projects. Antimony is a critical element with many industrial applications, including ammunition and fire retardants. The upcoming potential new usage is in the mass-storage devices i.e. molten-salt batteries. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by email at brooklyn@moltenmetalscorp.com or by telephone at 778.918.2261.
For Additional Information Please Contact
Brooklyn Reed Corporate Secretary Molten Metals Corp. 778.918.2261
Email: brooklyn@moltenmetalscorp.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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