(TheNewswire)
Saskatoon, SK / TheNewswire / August 10, 2017 - Canadian Platinum Corp. (“CPC” or the
“Company”-TSXV:CPC) announces that it has entered into a debt settlement agreement (the “A greement”)
with the current President of the Company, pursuant to which the Company has agreed to issue 8,342,931 common shares at a deemed
price of $0.05 per share in order to settle an outstanding debt of $417,146.55 related to cash advances made to the
Company.
In order to conserve cash and improve the balance sheet, the board of directors approved settling the
indebtedness with common shares of the Company.
The Agreement is subject to the approval of the TSX Venture Exchange (the “Exchange”). The common shares,
which are subject to a four-month hold period, will be issued on receipt of approval from the Exchange.
About Canadian Platinum Corp.
Canadian Platinum Corp. is a Canadian-based resource exploration and development company with its
head office in Saskatoon, SK. CPC is focused on the acquisition and development of a diversified portfolio of resource
properties including precious metals, base metals, platinum group elements and strategic metals.
CANADIAN PLATINUM TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL “CPC”.
For more information, including news releases and technical reports providing more detail on the contents of
this news release, please visit our website at www.canplats.ca.
For further information:
Canadian Platinum Corp.
Gary Billingsley, President
Phone: 306-242-7363
Facsimile: 306-992-0729
www.canplats.ca
To receive information by email go to www.canplats.ca
and click “Contact Information”.
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.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking
statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or
achievements of the Corporation to be materially different from any future results, performances or achievements expressed or
implied by such forward-looking statements. The forward-looking statements included in this press release
are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to
publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The
securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities
Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of Canadian Platinum
and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described
above.
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