Meryllion Resources Corp., Announces Debt Settlement / Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - January 14, 2019) - Meryllion Resources Corporation (CSE: MYR), ("Meryllion" or the "Corporation") announced today that the Corporation has entered into several debt settlement agreements where the Corporation will issue Thirteen Million, One Hundred and Ten Thousand ("13,110,000") Common Shares at a deemed price of Two Cents ("$0.02") CDN per Common Share, to settle Two Hundred and Sixty-Two Thousand, Two Hundred Dollars ("$262,200.00") CDN of debt due to multiple creditors. The shares issued to complete the settlement agreements will not result in a change of control. Upon completion of the issuance of the 13,110,000 Common Shares, the Corporation will have 67,598,420 Common Shares issued and outstanding. After the issuance, the Corporation will have very minimal debt left on its balance sheet.
For further information please contact:
Mr. Paul HaberInterim CEO & Director
Meryllion Resources Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com
W: www.meryllionresources.com
Mr. Frank Kordy
Interim CFO & Secretary
Meryllion Resources Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.