(via TheNewswire)
Vancouver, British Columbia – TheNewswire - December 2, 2025 – Golden Goose Resources Corp. (CSE: GGR) (the “ Company ” or “ Golden Goose ”) announces that it has entered into a debt settlement agreement (the “ Settlement Agreement ”) with a creditor to settle an aggregate of $30,400 in outstanding indebtedness (the “ Debt Settlement ”).
In settlement of the debt, the Company will issue an aggregate of 245,657 common shares (the “ Settlement Shares ”) at a deemed price of $0.12375 per Settlement Share. The Company determined to satisfy the indebtedness with common shares to preserve its cash for operations and exploration activities.
Related Party Transaction. The creditor participating in the Debt Settlement is 919 Consulting Ltd., a company controlled by Sarah Busk, the Chief Financial Officer of the Company. As such, the transaction constitutes a “related party transaction” within the meaning of Multilateral 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 and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) thereof, respectively, as the fair market value of the Settlement Shares, insofar as it involves the interested party, does not exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the expected closing of the Debt Settlement as the details of the participation were not settled until shortly prior to the execution of the Settlement Agreement.
Regulatory Matters. The Debt Settlement has been accepted by the Canadian Securities Exchange (the “ CSE ”). All Settlement Shares issued in connection with the Debt Settlement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws, and a concurrent four-month hold period under the policies of the CSE.
About Golden Goose Resources Corp. Golden Goose is a Canadian-based mineral exploration company focused on the acquisition, exploration, and development of mineral properties.
On behalf of the Board of Directors,
Dustin Nanos
CEO and Director
1-587-577-9878
Email: Dustin@SouthAmericanLithium.com
Twitter: @Lithium_GGR
Website: www.GoldenGooseResources.com
Forward-Looking Statements. This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned”, and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include statements regarding the completion of the Debt Settlement and the receipt of regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
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