Hunter Bay Minerals plc
TSX VENTURE : HBY
OTCQX : HTBNF

August 12, 2013 18:35 ET

Hunter Bay Minerals Announces Proposed Debt Settlement

LONDON, UNITED KINGDOM--(Marketwired - Aug. 12, 2013) - Hunter Bay Minerals plc ("Hunter Bay") (TSX VENTURE:HBY)(OTCQX:HTBNF) announces that it proposes to settle outstanding indebtedness totaling $152,476 through the issuance of 3,049,526 ordinary shares at a price of $0.05 per share. Of the amount to be settled, $69,276 relates to accrued director and/or officer fees and related party accounting fees.

Closing of the debt settlement is subject to the approval of the TSX Venture Exchange.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of Hunter Bay's securities in the United States.

About Hunter Bay

Hunter Bay is engaged in the acquisition, exploration and development of mineral resource properties located in South America and Canada. Hunter Bay's lead project is the Sela Creek Project, located in Suriname, in which Hunter Bay has an option to acquire up to an eighty percent (80%) interest. Hunter Bay also owns a one-hundred percent (100%) interest in the Great Bear Lake Properties located in the eastern side of Great Bear Lake, NWT, Canada.

NEITHER 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.

Contact Information

  • Hunter Bay Minerals plc
    Derek Hartman
    CEO and Director
    (+44) 207-127-9125