Trading Symbol TSX V: GTC
VANCOUVER, BC, May 10, 2024
/CNW/ - Getty Copper Inc. (the "Company") (TSXV: GTC) today
announced that they have agreed to issue 11,650,000 shares at a
price of $0.05 per share to settle
$582,500 of indebtedness of the
Company. This includes 10,000,000 shares to be issued to non arms
length creditors who are controlled by John
Lepinski who is a Control Person of the Company. 1,650,000
share purchases warrants were issued to an arms length creditor.
The warrants are exercisable at a price of $0.05 per share for a period of 2 years from the
date of issuance.
The Shares for Debt to insiders is exempt from the requirements
of MI 61-101 under s.5.5(a) and (b) and 5.7(1)(a).
Completion of the shares for debt transaction remains subject to
the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Philip A. Potter, CEO,
Director
GETTY COPPER INC.
Phone: 604-931-3231 Fax: 604-931-2814
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release
SOURCE Getty Copper Inc.