Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE) on Friday announced that it has completed a debt settlement with three creditors. In consideration for the issuance of 1,500,000 common shares at a price of $0.15 each, the debt settlement will result in a total of $225,000.00 of debt being retired. The debt settlement will not result in the establishment of a new insider or a new control person and is subject to Canadian Securities Exchange (“CSE”) approval. All securities issued in connection with the debt settlement are subject to a hold period expiring May 11, 2020.
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About Pacific Rim Cobalt
Pacific Rim Cobalt is a Canadian-based exploration company focused on the acquisition and development of production grade nickel-cobalt deposits, key raw material inputs for the growing lithium-ion battery industry. For more information, visit the company’s website at www.PacificRimCobalt.com.
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