Molten Metals Announces Loan Agreement
(via TheNewswire)
Vancouver, B.C., April 3 2024 – TheNewswire – MOLTEN METALS CORP. (the “Company“) (CSE: MOLT) (FSE: Y44) (ISIN: CA60872A1066), announces that it has entered into a loan agreement with a director of the Company pursuant to which the Company may borrow $100,000. Amounts borrowed will bear interest at a rate of 15% per annum and will be due and payable on March 7, 2025. Pursuant to the loan agreement, the Company will issue to the Lender 800,000 bonus shares of the Company at a price of $0.025 per share.
The Lender is a related party to the Company and the Loan constitutes a ‘related party transaction’ pursuant to Multi-Lateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is relying on the exemptio...