Prismo Metals Engages in Debt Settlement through Equity Issuance

Vancouver-based Prismo Metals Inc. has announced debt settlement agreements with certain creditors. As part of these agreements, Prismo will issue 100,000 common shares at a price of $0.21 each and 17,500 common shares at $0.20 each. This issuance aims to settle $24,500 in outstanding debt. The newly issued shares will be subject to a four-month statutory hold period under Canadian securities law.

The shares are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without proper registration or an applicable exemption. This release does not constitute an offer or solicitation to sell these securities in any jurisdiction where it would be considered unlawful.