Lucky Announces Completion of Initial Shares for Debt Transaction

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Dec 05, 2019
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VANCOUVER, BC / ACCESSWIRE / December 5, 2019 / Lucky Minerals Inc. ("Lucky" or the "Company") (TSXV:LKY, Financial)(OTCPK:LKMNF, Financial)announces that, further to its news release dated November 25, 2019, it has received the conditional approval of the TSX Venture Exchange ("TSX-V") for the shares for debt transaction to settle the initial aggregate of $1,569,992.55 in indebtedness of the Company to various creditors, including six persons who are officers and/or directors of the Company through the issuance of 31,399,851 common shares of the Company ("Settlement Shares") at a deemed price of $0.05 per Settlement Share (the "Debt Settlement"). Accordingly, the Company also announces that it has completed the Debt Settlement. The Settlement Shares are subject to a four month hold period, expiring April 6, 2020.