VANCOUVER, BC, Jan. 19, 2024 /CNW/ – Luca Mining Corp. (“Luca” or the “Company“) (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce it has received conditional TSX Venture Exchange (“TSXV“) approval and closed a debt restructuring and debt transaction previously announced by news release dated December 6, 2023.
Debt Settlement
The Company is pleased to announce it has closed its debt settlement (the “Debt Settlement“) with the Latapi Consultores, S.A. de C.V. (“Latapi“). Under the Debt Settlement, the Company has issued an aggregate of 17,750,000 Shares to settle outstanding debt of CAD$11,029,817, comprising of (i) CAD$3,042,317 of debt that the Latapi and the Company agreed to write off and (ii) CAD$7,987,500 of debt that has been settled in common shares of Luca (the “Shares“), at a price of CAD$0.45 per Share. The Shares were issued to a syndicate of creditors with Latapi acting as agent on behalf of the…
