June 13, 2013
METALCORP ISSUES SHARES TO PIC MOBERT FIRST NATION
Thunder Bay, Ontario, Canada (June 13, 2013) - MetalCorp Limited ("MetalCorp") (TSXV - MTC) is pleased to announce that Pick Mobert First Nation has become a shareholder of MetalCorp pursuant to a shares-for-debt transaction whereby MetalCorp issued 800,000 common shares ("Common Shares") at a price of $0.05 per share to settle a debt of $40,000 subject to and conditional on TSX Venture Exchange final approval. All securities to be issued pursuant to this agreement are subject to a 4-month hold period.
"We are very pleased to have Pic Mobert First Nation as a shareholder", said Donald A. Sheldon, MetalCorp’s Chief Executive Officer. "We appreciate the excellent working relationship we have with Pic Mobert First Nation and Chief Johanna Desmoulin, and the support and confidence that this transaction shows toward MetalCorp."
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.
For further information, please contact: Donald A. Sheldon, Chief Executive Officer. Phone: (416) 595-0147, or via email: da(dot)sheldon(at)metalcorp(dot)ca.
Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are "forward-looking statements". There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this news release are cautioned not to place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulations, MetalCorp expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.
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 adequacy, accuracy or contents of this news release.
© 2015 MetalCorp Inc.