Vancouver, BC – April 25, 2016, Corex Gold Corp. ("Corex" or the "Company") announces subject to TSX Venture Exchange ("Exchange") approval, has agreed to settle an aggregate amount of $176,400 owed to related and non-related parties (the "Debt Settlement") to be settled by the issuance of approximately 2,205,000 common shares at a deemed issue price of $0.08 per share.
The securities issued pursuant to the Debt Settlement will be subject to a four-month hold period from the date of issuance. Completion of the Debt Settlement is subject to acceptance by the Exchange.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on the near-term production*, of its 100% owned flagship property, Santana Project, Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.
ON BEHALF OF THE BOARD
"Craig D. Schneider"
President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
President & CEO
*The reader should be cautioned the Company is not basing its production decision (if any), on a feasibility study of mineral reserves demonstrating economic viability and technical feasibility. As a result there is increased uncertainty and a greater risk of economic and technical failure associated with its production decision.
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." The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.
Original Article: http://www.corexgold.com/s/NewsReleases.asp?ReportID=746717