Gamma Resources Finalizes Outstanding Debt Settlement

Gamma Resources Ltd., based in Vancouver, has settled its remaining outstanding debt. This was achieved through a mix of cash and equity with specific noteholders, including Mercer Street Global Opportunity Fund LLC and Cavalry Fund I LP. The company issued 1,831,500 common shares at $0.15 each and 1,831,500 warrants. These warrants are exercisable at the same price for 36 months, with a hold period of four months plus a day. This arrangement covers $274,725 of the debt.

Additionally, Gamma made a cash payment of $375,000 and plans another payment of $248,926.34 within 30 days, pending approval from the TSX Venture Exchange. President Connor Messler expressed optimism about focusing on exploration and planning after resolving the debt obligations.