Mr. Ian Graham reports
FIDELITY MINERALS COMPLETES SHARES FOR DEBT TRANSACTION
Fidelity Minerals Corp.
has entered into a debt settlement agreement with a creditor of the company pursuant to which the company has agreed to issue an aggregate of 1,333,830 common shares at a deemed price of 5.5 cents per share to settle certain obligations of the company totalling $55,000 (U.S.). The company decided to satisfy this outstanding indebtedness with shares to preserve its cash for operations. The transaction is subject to the approval of the TSX Venture Exchange. The company will issue the shares once the transaction has been approved by the exchange.
About Fidelity Minerals Corp.
Fidelity Minerals is an emerging gold producer, focusing on unlocking value from advanced-stage mining assets in Peru. The company is backed by an experienced management team with diverse technical, market and commercial expertise, and is supported by committed and sophisticated investors, focused on building long-term value, now anchored by Lions Bay Capital Inc.
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