Goldhills Holding Ltd Announces Proposed Debt Settlement
Newsfilecorp
Goldhills Holding Ltd proposes to settle $158,133 debt by issuing 3.16 million shares at $0.05 each to related parties, pending TSX‑V approval.Summary
Goldhills Holding Ltd. (TSXV: GHL; OTC Pink: GODZF; FSE: GRYA) announced a proposal to settle $158,133 of outstanding indebtedness by issuing 3,162,660 common shares at $0.05 per share, termed the "Debt Settlement Shares\). The shares will be issued to related parties, making the transaction a related party transaction under MI 61-101, for which the company relies on exemptions from valuation and minority shareholder approval as the fair market value does not exceed 25% of its market capitalization. The "Debt Settlement Shares" will be subject to a four‑month statutory hold period, and closing is conditional on TSX Venture Exchange approval. The release also includes standard forward‑looking information cautions.
(Source：Newsfilecorp)