VANCOUVER, BC / ACCESSWIRE / March 8, 2024 / Gold Mountain Mining Corp. (“Gold Mountain” or the “Company”) (TSX:GMTN) (OTCQB:GMTNF) (FRA:5XFA) announces that it has received notice of default from Hedge Minerals Corp. (“Hedge”) after failing to make its payment obligations outlined under the Promissory Note dated September 13, 2023 (“the Note”).
Hedge has demanded immediate payment of the original payment owing, six-month break fee, all additional interest, and all costs associated to legal and professional consulting regarding review and defense of legal rights under the terms of the note.
Gold Mountain management is currently attempting to negotiate possible solutions to restructure the terms of the Note to resolve the current default and breach.
Nhwelmen Construction GSA Default Update
The company also continues to work towards resolution with Nhwelmen Construction LP Ltd. with respect to their current GSA default and demand…
