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September 12, 2018
Canterra Announces Proposed Debt Settlement
Vancouver, BC -- Canterra Minerals Corporation (CTM-TSX.V) (“Canterra” or “the Company”) is pleased to announce that it intends to issue an aggregate of 5,268,933 common shares (the “Shares”) at a price of $0.05 per Share in is settlement (the “Debt Settlement”) of an aggregate of $263,446.65 in outstanding debt (the “Debt”), including the settlement of accrued management fees owing to a company controlled by a director of the Company and general and administrative expenses owing to a company that has a common director with the Company.
The proposed Debt Settlement remains subject to the approval of the TSXV Venture Exchange. All shares issued under the proposed Debt Settlement will be subject to a hold period of four months and one day from the date of issuance under applicable Canadian securities laws.
For more information about Canterra Minerals, visit the Company’s website at www.canterraminerals.com
On Behalf of the Board of Directors of
Randy Turner, President & CEO
For further information, contact Randy Turner, President at 604-687-6644 or email@example.com
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
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