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 to a hold period expiring May 25, 2020.
To view the full press release, visit http://ibn.fm/J0qly
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.
NOTE TO INVESTORS: The latest news and updates relating to PCRCF are available in the company’s newsroom at http://ibn.fm/PCRCF
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