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Magellan Minerals Ltd. Announces Settlement of Certain Debts and Resignation of Director20.04.2016 | 18:57 Uhr | Marketwired
VANCOUVER, Apr 20, 2016 - Magellan Minerals Limited (TSX VENTURE:MNM) (the "Company") is pleased to announce that it has received the regulatory approvals necessary to proceed with its previously announced debt settlement transaction involving the exchange of $500,000 of liabilities due to certain members of management for, among other things, the Company's interest in its Brazilian subsidiary, Magellan Minerais Prospecção Geológica Ltda. ("Magellan Brazil"). Magellan's primary property, Coringa, and the adjacent Mato Velho project are held by its subsidiary, Chapleau Exploração Mineral Ltda., and are not affected by the proposed transfer.
The Company also announces that it will pay finder's fees in the amount of $29,064 in connection with the Company's US$350,000 convertible debenture financing which closed in December 2015 (see the Company's news release dated January 19, 2016). The Company further announces the resignation of Ken Nilsson as a director of the Company. The Board wishes to thank Mr. Nilsson for his efforts on behalf of the Company and wishes him every success with his future endeavours. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. News release #2016-8 Contact Magellan Minerals Limited Alan Carter, President and CEO 604.676.5663 info@magellanminerals.com Dieser Artikel stammt von Rohstoff-Welt.de
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