Mr. Scott Sheldon reports
FLOW METALS ANNOUNCES SHARE ISSUANCE PURSUANT TO ADVANCED ROYALTY PAYMENT
Pursuant to the option agreement dated March 23, 2019, to acquire the Sixtymile property, Flow Metals Corp. has entered into debt settlement agreements with the vendors of the Sixtymile property to settle the annual advanced royalty payment of $30,000.
Pursuant to the settlement agreements, the company has agreed to issue an aggregate of 272,727 common shares at a deemed price of 11 cents per common share to the vendors. Closing of the settlement agreements is anticipated to occur on or before March 25, 2026.
The securities issued pursuant to the settlement agreements will be subject to a statutory hold period of four months plus one day from issuance in accordance with applicable securities laws.
About Flow Metals Corp.
Flow Metals has maintained an active presence in Yukon since 2018, building deep technical expertise across the territory. Flow Metals has established a trusted network of experienced contractors and has strong working relationships with both territorial and first nation governments, providing the company with a solid foundation to efficiently advance exploration projects in the north.
The company's flagship project is in the heart of the historic Sixtymile gold district, an offshoot of the famous Klondike and White gold systems within the larger Tintina gold belt.
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