Mr. Scott Sheldon reports
FLOW METALS ANNOUNCES CLOSING OF SHARES FOR DEBT
Pursuant to the option agreement dated March 23, 2019, to acquire the Sixtymile property, Flow Metals Corp. has entered into debt settlement agreements with the vendors of the Sixtymile property to settle the annual advanced royalty payment of $30,000.
Pursuant to the settlement agreements, the company has issued an aggregate of 499,998 common shares at a deemed price of six cents per common share.
In accordance with applicable securities laws, the securities issued pursuant to the settlement agreements are subject to a four-month hold period expiring on July 21, 2025.
About Sixtymile, Yukon
Sixtymile covers 65 square kilometres of quartz claim mining tenure over three active placer camps. The project is a two-hour drive west of Dawson City at the Alaska border. Four gold-bearing creeks on the project have produced over 200,000 ounces of placer gold since the discovery of gold at Sixtymile over 100 years ago.
About New Brenda, British Columbia
New Brenda represents a new road-accessible porphyry-style geochemical and magnetic anomaly within the Southern B.C. Quesnel terrane. The Xenoliths porphyry target is hosted in the Pennask batholith also seen at the neighbouring Brenda mine to the east. The xenoliths from which XP gets its name are heavily altered Nicola volcanics that have been replaced by biotite.
About Flow Metals Corp.
Flow Metals is a mining exploration company focused on advancing two 100-per-cent-owned road access projects in the established mining districts of British Columbia and Yukon.
We seek Safe Harbor.
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