Source: Mining Journal
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  • Hudson Resources (HUD) has agreed to issue a total of 3,233,333 common shares at a price of C$0.05 per share in settlement of debts
  • These involve payable and accrued liabilities totalling C$161,666.67 for directors’ fees owed to former and current directors of the company and for management fees owed
  • The issuance of these settlement shares will each be considered to be a “related party
  • transaction”
  • Hudson Resources Inc. is a Canada-based mineral exploration company
  • Hudson Resources Inc. was unchanged at $0.045 at 10:26 AM ET

Hudson Resources (HUD) has agreed to issue 3,233,333 common shares at a price of C$0.05 per share in settlement of debts.

These involve payable and accrued liabilities totalling C$161,666.67 for directors’ fees owed to former and current directors of the company and for management fees owed to the company’s CFO.

The debt settlement is subject to TSX Venture Exchange approval.

The settlement shares will be subject to a statutory four-month hold period.

Hudson Resources Inc. is a Canada-based mineral exploration company.

Hudson Resources Inc. was unchanged at $0.045 at 10:26 AM ET.


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