02:20:03 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Nine Mile Metals Ltd
Symbol NINE
Shares Issued 59,656,840
Close 2023-06-02 C$ 0.10
Market Cap C$ 5,965,684
Recent Sedar Documents

Nine Mile to convert debt, issues shares to Karlsson

2023-06-02 18:58 ET - News Release

Mr. Charles MaLette reports

SCANDINAVIAN ALLIANCE DEBT CONVERSION

Nine Mile Metals Ltd. intends to convert debt and issue shares pursuant to its business development and marketing consulting agreement with Karlsson Group Ltd., doing business as Scandinavian Alliance, entered into on March 1, 2023.

Nine Mile intends to issue up to 349,747 common shares at a deemed price 10.26 cents per share in a debt conversion for the payment of $35,884 owed to Scandinavian Alliance for work already completed under the agreement.

There issuance of common shares will not result in a new insider or control person. Scandinavian Alliance is not a related party of the aompany.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on critical minerals exploration (CME) volcanic massive sulphide (VMS) (copper, lead, zinc, silver and gold) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its four VMS projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (east-west) VMS; and the new Wedge VMS projects. The company is focused on CME, positioning for the boom in electric vehicle (EV) and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

We seek Safe Harbor.

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