(TheNewswire)
Vancouver, BC / TheNewswire / July 12, 2018 - Comstock Metals Ltd. (TSX-V: CSL)
(“ Comstock ” or the “ Company ”) announced today
that it proposes to issue an aggregate of 500,000 common shares in satisfaction of Cdn$25,000 of indebtedness. This indebtedness is
owing to the optionor of the Company's QV Property for the 2018 advance royalty payments. The deemed issue price of the
common shares for this indebtedness is $0.05 per share.
The Company is satisfying the foregoing indebtedness with common shares based on the terms of prior agreements
that permit it to do so, and, in order to preserve its cash for use on its properties and for working capital. The shares will be
issued upon acceptance by the TSX Venture Exchange. The common shares issued in satisfaction of the indebtedness will be subject to
a four month hold period from the date of issuance.
About Comstock Metals Ltd.
Comstock Metals Ltd. is a Canadian-focussed mineral exploration company with various resources
projects located in Canada.
For more information about Comstock Metals Ltd., please visit www.comstock-metals.com or
contact:
Steven H. Goldman
Interim President, CEO and Director
COMSTOCK METALS LTD.
Phone: (416) 867-9100
Email: s.goldman@goldmanhine.com
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 ad equacy or accuracy of this Release.
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