Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc

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Cornerstone Capital Resources Inc
Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc
Address:
2742 St. Joseph Blvd., Unit 200
Orleans, ON
Canada, K1C 1G5
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Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc Cornerstone Capital Resources Inc
 December 11, 2018
18-32 - Cornerstone to Settle Outstanding Indebtedness

  Ottawa, ON, Canada: Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announced today that it has agreed to settle C$350,000 of debt owing to legal advisors to the Company by issuing 1,129,032 common shares in the capital of the Company at a deemed price of C$0.31 per common share. The debt settlement transaction is subject to the approval of the TSX Venture Exchange and all common shares issued pursuant to the debt settlement transaction will be subject to a four-month statutory hold period.

About Cornerstone:
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including in the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador.

Further information is available on Cornerstone's website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet (Montreal); Email: Mario@mi3.ca;
Tel. (514) 346-3813

Corporate Matters: Sabino Di Paola, CFO (Ottawa); Email: sdipaola@cornerstoneresources.ca;

Tel. (343) 689-0714

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 
 

You can view the Next News item: Thu Dec 13, 2018, 18-33 - Cornerstone Closes Debt Settlement

You can view the Previous News item: Mon Dec 10, 2018, 18-31 - Cornerstone and Newcrest sign Option and Farm-in Agreement for the Miocene gold-copper Project in Chile

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