QualityStocksNewsBreaks – Pacific Rim Cobalt Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) Reports Debt Settlement Completion
Pacific Rim Cobalt (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE), an Indonesia-based company focused on developing nickel-cobalt opportunities in the Asia-Pacific region, on Friday reported that it has completed a debt settlement with three creditors. In consideration for the issuance of 400,000 common shares at a price of $0.15 each, the debt settlement will result in a total of $60,000.00 of indebtedness being retired, subject to Canadian Securities Exchange (“CSE”) approval. The indebtedness is held by two arm’s length parties and one non-arm’s length party, a director of the company. All securities issued in connection with the debt settlement are subject…