GFTRF - Gold'n Futures Closes Debt Settlement Agreement
(TheNewswire)
TORONTO, ONTARIO – June 10, 2025 - The N ewswire — GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the “ Company ” or“ Gold’nFutures ”) announces that it has closed thepreviously announced debt settlement agreements (the “ Settlement Agreements ”) to settle outstanding debts totaling $83,201.22 owed tocertain arm’s length creditors (the “ Creditors ”) forunpaid services previously provided, including legal, investorrelations, corporate administration, accounting, and capital marketsand trading-related services.
Pursuant to the Settlement Agreements, the Company hasissued an aggregate of 11,885,887 common shares (the “ Shares ”) at adeemed price of $0.007 per Share, based on a 20-day volume-weightedaverage trading price (“ VWAP ”).
The board of directors has determined that settlingthese obligations through the issuance of the Shares is in the bestinterests of the Company, as it will preserve cash for working capitalpurposes.
The Company will rely on the “Employee, ExecutiveOfficer, Director and Consultant” exemption contained in section2.24 (the “ Exemption ”) of National Instrument 45-106– Prospectus Exemptions to issue the Shares to three of theCreditors. Securities issued under this exemption are not subject to ahold period and will be free trading upon issuance.
Additionally, the Company will rely on the debtsettlement exemption under section 2.14 of NI 45-106 for one Creditor,and the Shares issued to that party will be subject to a statutoryhold period of four (4) months and one (1) day from the date ofissuance, in accordance with applicable securities laws and thepolicies of the Canadian Securities Exchange (CSE).
The securities being referred to in this news releasehave not been, nor will they be, registered under the United States(U.S.) Securities Act of 1933, as amended, and may not be offered orsold in the U.S. or to, or for the account or benefit of, U.S. personsabsent registration or an applicable exemption from the registrationrequirements. This news release does not constitute an offer to sellor the solicitation of an offer to buy nor shall there be any sale ofthe securities in any jurisdiction in which such offer, solicitationor sale would be unlawful.
About Gold’n Futures MineralCorp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M)(OTC: GFTRF) is a mineral exploration company conducting programs toexpand its gold resources and to develop viable gold mining operationsthrough the application of extensive geological experience andknowledge combined with advanced technologies and computermodeling.
On behalf of the Board ofDirectors
Vicki Rosenthal
Chief Financial Officer
Email: matt@fishpurdy.com
Ph: 416-400-8580
Neither the Canadian SecuritiesExchange nor the Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
Forward-Looking Statements:
Certain information contained in this news release mayconstitute "forward-looking information" or"forward-looking statements" within the meaning ofapplicable Canadian securities legislation. Forward-lookinginformation is often identified by the use of words such as“plans,” “expects,” “may,” “should,” “could,”“will,” “intends,” “anticipates,” “believes,”“estimates,” “forecasts,” or variations of such words andphrases, including the negative forms thereof, as well as terms suchas “pro forma” and “scheduled,” and similar expressions thatrefer to future events or outcomes.
Forward-looking statements in this release, including,without limitation, statements relating to the anticipated timing,review, completion, and filing of the Annual Filings, the Company’songoing operations, and the expected duration of the MCTO, involveknown and unknown risks, uncertainties, and other factors that maycause actual results or events to differ materially from thoseexpressed or implied by such statements. There can be no assurancethat such forward-looking statements will prove to be accurate, andactual results and future events could differ materially from thoseanticipated.
Accordingly, readers should not place undue reliance onforward-looking statements. The Company disclaims any obligation toupdate or revise any forward-looking information contained herein,except as required by applicable securities laws.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESSRELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OFTHIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCHDATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD LOOKINGINFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHERDATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATETHIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED INACCORDANCE WITH APPLICABLE LAWS.
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