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  • Nov 7, 2024

      Show headlines and story abstract
    • 4:37PM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: CBA

      Calgary, Alberta--(Newsfile Corp. - November 7, 2024) - Champion Bear Resources Ltd. (TSXV: CBA) ("Champion Bear" or the "Company") announces that it has settled and extinguished $961,673.45 of Champion Bear's outstanding debt (the "Debt") through the issuance of common shares of the Company ("Common Shares"). In accordance with settlement of Debt (the "Debt Settlement"), the Company issued 14,794,976 Common Shares at a deemed price of $0.065 per Common Share to seven creditors of the Company. The Company chose to settle and extinguish the Debt through the issuance of Common Shares to preserve cash and improve the Company's balance sheet. The Debt Settlement has been approved by the TSX Venture Exchange. The Common Shares issued pursuant to the Debt Settlement are subject to a four month hold period, which will expire on the date that is four months and one day from the date of issuance.
    • 4:36PM ET on Thursday Nov 07, 2024 by Newsfile
      Companies Mentioned: CBRSF

      Calgary, Alberta--(Newsfile Corp. - November 7, 2024) - Champion Bear Resources Ltd. (TSXV: CBA) ("Champion Bear" or the "Company") announces that it has settled and extinguished $961,673.45 of Champion Bear's outstanding debt (the "Debt") through the issuance of common shares of the Company ("Common Shares"). In accordance with settlement of Debt (the "Debt Settlement"), the Company issued 14,794,976 Common Shares at a deemed price of $0.065 per Common Share to seven creditors of the Company. The Company chose to settle and extinguish the Debt through the issuance of Common Shares to preserve cash and improve the Company's balance sheet. The Debt Settlement has been approved by the TSX Venture Exchange. The Common Shares issued pursuant to the Debt Settlement are subject to a four month hold period, which will expire on the date that is four months and one day from the date of issuance.

  • Nov 6, 2024