Nitinat Minerals Corporation

Nitinat Minerals Corporation

July 09, 2015 09:00 ET

Nitinat Agrees to Convert Debt

TORONTO, ONTARIO--(Marketwired - July 9, 2015) - Nitinat Minerals Corporation (TSX VENTURE:NZZ) (the "Corporation") would like to announce that it that it has negotiated a share for debt settlement with eight arm's length creditors of the Corporation. The Corporation has agreed to issue an aggregate of 4,059,040 common shares to the arm's length parties in exchange for the cancellation of $202,952 in debt owing to the creditor. The common shares are being issued at a deemed price of $0.05 per common share.

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

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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