VANCOUVER, British Columbia, January 10, 2020 (GLOBE NEWSWIRE) – Pacific Rim Cobalt Corp. (the “Society” Where “Cobalt Pacific Rim”) (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE) has finalized a debt settlement with three creditors (the“ Debt Settlement ”). The settlement of the debt will result in the repayment of a total debt of $ 225,000.00 in consideration for the issuance of 1,500,000 common shares at a price of $ 0.15 per common share. Debt is owned by parties at arm’s length and will not result in the creation of a new insider or a new controlling person. Settlement of the debt is subject to approval by the Canadian Securities Exchange.
Securities issued under the Debt Settlement are subject to a holding period expiring on May 11, 2020.
About Pacific Rim Cobalt
Pacific Rim Cobalt is a Canada-based exploration company focused on the acquisition and development of productive grade nickel and cobalt deposits, key raw materials for the growing lithium-ion battery industry. Visit https://pacificrimcobalt.com/ to know more.
Pacific Rim Cobalt Corp.
Ranjeet Sundher – President and CEO
Steve Vanry – Chief Financial Officer and Director
Sean Bromley – Director and Investor Contact
Notice to readers
This press release may contain statements that constitute “forward-looking information” this are subject to risks and uncertainties. All statements here, other than statements of historical fact, should be considered forward-looking, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors or officers with respect to the future business activities of the Company and compared to the results of exploration and prospective plans for the Cyclops project. The words “may”, “would”, “could”, “may”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and expressions Similar, with respect to the The Company, or its management, intend to identify such forward-looking statements. Although the Company believes that the expectations expressed in this forward-looking information are based on reasonable assumptions, this information is not a guarantee of future performance and actual results or developments may differ materially from those contained in the forward-looking information. The information provided in this document is necessarily summarized and may not contain all the important information available. Although Pacific Rim Cobalt has attempted to identify material factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, performance or achievements are not as expected, estimated or expected. Factors that could cause actual results to differ materially from those of forward-looking information include, but are not limited to, fluctuations in market prices, the success of the Company’s operations, the continued availability of capital and funding and general economy, market or business conditions. There cannot be assurance that this information will prove be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. Therefore, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release, and tThe Company assumes no obligation to update any forward-looking information, unless required under the applicable titles laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.