1844 Resources Settles Debts, Focuses on Gaspé Exploration
1844 Resources Inc. (TSXV: EFF, OTC: EFRSF) has announced plans to settle debts and create shareholder value through exploration in underexplored regions, with a focus on Gaspé, Québec.
The company has agreed to settle debts totaling $413,067 by issuing 3,596,936 common shares at a deemed price of $0.05 per share. Additionally, it has agreed to settle another debt of $195,556 by issuing 1,758,687 common shares at a deemed price of $0.11 per share. All shares issued in these settlements will be subject to a statutory hold period of four months plus a day from the date of issuance.
The closing of these debt settlements is subject to necessary corporate and regulatory approvals, including the TSX Venture Exchange. The executives involved in these settlements were announced on April 2, 2025, but their identities are not publicly specified.
1844 Resources Inc. aims to create shareholder value through exploration and debt settlement. The company's focus on strategic and energetic metals in underexplored regions, particularly Gaspé, Québec, is expected to drive growth and benefit shareholders in the long run.
