Record Resources Announces Shares for Debt Settlement

Core Viewpoint - Record Resources Inc. has entered into a debt settlement agreement to settle $300,000 in outstanding debt obligations by issuing 6,000,000 common shares at a deemed price of $0.05 per share [1]. Group 1: Debt Settlement Agreement - The debt settlement agreement involves the issuance of 6,000,000 common shares to a former consultant [1]. - The transaction is aimed at preserving the company's cash resources while advancing its exploration strategy and streamlining its balance sheet [2]. Group 2: Transaction Details - The closing of the Shares for Debt Transaction is subject to customary closing conditions, including approval from the TSX Venture Exchange [3]. - The common shares issued will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws [3].