Tantalex Lithium Closes Debt Settlement Agreements and Announces a Further Settlement
(via TheNewswire)
Toronto, Ontario / TheNewswire / March 7, 2024 – Tantalex Lithium Resources Corp. (CSE:TTX) (FSE:DW8) (OTC:TTLXF) (“Tantalex” or the “Corporation“) announces that further to its news release dated February 21, 2024, it has settled various outstanding debt in the amount of CDN$5,526,398.40 (the “Debt“), effective February 28, 2024.
The Corporation owes International Cobalt Corp. (“ICC“) an amount of CDN$5,324,275.30, which stems from multiple unsecured convertible debentures of principal amounts of USD$2,100,000 and CDN$800,000 entered into between the parties in 2018 and in 2020 bearing an interest rate of 4% that became due in November of 2022, such debt is settled by issuing an aggregate of 106,485,506 common shares in the capital of the Corporation (the “Com...