Gaban

Palamina Converts Debt and Increases Ownership in Winshear Gold to 19.5%

Wednesday, September 15, 2021 - 1:31pm

Toronto, Ontario--(Newsfile Corp. - September 15, 2021) - Palamina Corp. (TSXV: PA) and Winshear Gold Corp. (TSXV: WINS) have agreed to convert US$33,700 (CDN$42,000) in debt due Palamina into 525,000 common shares of Winshear.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - September 15, 2021) - Palamina Corp. (TSXV: PA) and Winshear Gold Corp. (TSXV: WINS) have agreed to convert US$33,700 (CDN$42,000) in debt due Palamina into 525,000 common shares of Winshear.
  • Upon completion, Palamina will hold 10,525,000 common shares or 19.5% of the issued and outstanding common shares of Winshear.
  • The shares to be acquired by Palamina will be pursuant to a shares for debt settlement with Winshear Gold Corp. and will not be acquired on any stock exchange or other marketplace.
  • Palamina holds an 19.5% equity interest in Winshear Gold Corp. who are advancing the Gaban Gold Project to the drill discovery phase.