Angus Gold Announces Debt Settlement

Jun 07, 2022

TORONTO, June 07, 2022 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS) (“Angus” or the “Company”) is pleased to announce that it has entered into an agreement to settle CAD$70,000 of debt owed to Steve Burleton, Angus’ Interim CEO, in consideration for the issuance of 86,420 common shares of the Company at a deemed price of CAD$0.81 per share (the “Debt Settlement”). The debt is payable to Mr. Burleton in respect of consulting fees accruing since April 7, 2021. The closing of the Debt Settlement is expected to occur immediately following approval from TSX Venture Exchange (“TSXV”). The Company expects that the proposed Debt Settlement will assist the Company in preserving its cash for working capital.

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