15:00:16 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Rome Resources Ltd
Symbol RMR
Shares Issued 86,265,939
Close 2023-08-30 C$ 0.27
Market Cap C$ 23,291,804
Recent Sedar Documents

Rome Resources to settle $99,425 in debt with shares

2023-09-01 14:12 ET - News Release

Mr. Mark Gasson reports

ROME RESOURCES ANNOUNCES SHARES FOR DEBT SETTLEMENT

Rome Resources Ltd. has entered into a shares for debt agreement with an arm's-length creditor to settle $99,425 in debt owed to the creditor.

In settlement and satisfaction of the debt, the company has agreed to issue to the creditor an aggregate of 485,000 common shares in the capital of the company at a deemed issue price of 20.5 cents per debt share. The issuance of the debt shares is subject to TSX Venture Exchange approval.

All debt shares issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance of the debt shares in accordance with applicable securities legislation.

About Rome Resources Ltd.

Rome Resources is a mineral exploration company that has entered into two option agreements and a binding term sheet to acquire direct and indirect interests in two contiguous properties situated in the Walikale district of the North Kivu province in eastern Democratic Republic of the Congo, which are collectively referred to as the Bisie North tin project. Rome has completed an initial phase of drilling on the project where it is responsible to finance exploration up to the completion of a definitive feasibility study.

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