Martina Announces Debt Conversion

TORONTO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Martina Minerals Corp. (the “Corporation”) (NEX: MTN.H) is pleased to announce that it has negotiated various debt conversion agreements (collectively, the “Debt Agreements”) with six (6) creditors (collectively, the “Creditors”), all of which are arm’s length parties to the Corporation.

Pursuant to the terms of the Debt Agreements, the Corporation has agreed to issue an aggregate of 9,163,000 common shares (“Debt Shares”) to the Creditors in exchange for the cancellation of $274,890 in debt owing to the parties.

The issuance of the Debt Shares are subject to the approval of NEX. All securities issued pursuant to the debt conversion are subject to a statutory four (4) month hold period.

The Corporation would also like to announce that on the closing of the proposed debt conversion, Mr. Edward Chan will be appointed Chief Executive Officer of the Corporation. Mr. Chan is an accomplished business leader with extensive expertise in guiding companies through technology commercialization, strategic growth, and market expansion. With a proven track record across multiple industries and regions, Mr. Chan brings a unique blend of entrepreneurial vision and operational excellence to the companies he leads. Mr. Chan is currently the CEO of Quark Technology Global Inc., a private company focused on developing new technologies. Mr. Chan has also been involved in a number of going public transactions in North America and Hong Kong, procured financing for large-scale technology projects and corporate reorganizations and strategic debt restructuring.

For further information, please contact:

Herbert Brugh
Chief Executive Officer

[email protected]

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

Cautionary Note regarding Forward-looking Statements

This news release includes certain information and forward-looking statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although the Corporation believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Source: Martina Minerals Corp.

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