Vancouver, British Columbia--(Newsfile Corp. - January 18, 2019) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports that agreements to settle debt with seven creditors, (including, certain directors, officers and insiders) as previously announced on September 14, 2018, and December 21, 2018, have been completed. The Company has issued 5,688,588 common shares (post-consolidation) at a deemed price of $0.10 per share to extinguish $568,858 of debts. These shares are subject to a hold period ending May 17, 2019.
Pacific Bay Minerals Ltd.
Per/
David H. Brett, MBA
President & CEO
604-682-2421
[email protected]
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