VANCOUVER, BC, June 11, 2020 /CNW/ - Heatherdale Resources
Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) is pleased to
report that the Company has completed the debt settlement with
Sino-Canada Natural Resources Fund I ("Sino-Canada") as previously
announced in its news release dated April
27, 2020. Heatherdale
issued 6,000,000 common shares of the Company to Sino-Canada at a
deemed price of $0.50 per share and
settled the CAD$3,000,000 debt owing
to Sino-Canada.
The common shares are subject to a statutory hold period of four
months plus one day, expiring on October
12, 2020. The common shares will also be subject to
certain voting and transfer restrictions set forth in a lock-up
agreement between Heatherdale and
Sino-Canada for a period of 2 years.
About Heatherdale
Heatherdale Resources Ltd. owns 100% of the Niblack
copper-gold-zinc-silver project in southeastern Alaska.
On behalf of the Board of Directors
David J. Copeland, P.Eng.
Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This press release contains forward–looking information that
involves various risks and uncertainties regarding future events.
Such forward–looking information can include without limitation
statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future
performance of Heatherdale. There
are numerous risks and uncertainties that could cause actual
results and Heatherdale's plans
and objectives to differ materially from those expressed in the
forward–looking information, including adverse market conditions.
Actual results and future events could differ materially from those
anticipated in such information. These and all subsequent written
and oral forward–looking information are based on estimates and
opinions of management on the dates they are made and are expressly
qualified in their entirety by this notice. Except as required by
law, Heatherdale does not intend
to update these forward–looking statements.
For more information on the Company, investors should review the
Company's continuous disclosure filings that are available at
www.sedar.com.
SOURCE Heatherdale Resources Limited