Fidelity Minerals Settles $436K Debt with Share Issuance

CEO Ian Graham leads Fidelity in settling debt with shares. The company continues to focus on advancing its key projects in Peru.

, and Administrator

2025 October 19 . 12:04 AM

1 min read

In this picture it looks like a pamphlet of a company with an image of a cup on it.

Fidelity Minerals Corp., led by CEO Ian Graham, has agreed to settle a debt of $436,975 with Lions Bay Capital Inc. through the issuance of 3,361,344 common shares. This transaction, subject to TSX Venture Exchange approval, is considered a related party transaction under their policies.

The company, backed by an experienced management team and committed investors, is focused on advancing its most promising project, Las Huaquillas, in Northern Peru. The debt settlement, which involves shares subject to a four-month hold period, is part of Fidelity's efforts to secure financing and progress its resource projects.

Fidelity Minerals Corp. aims to delineate major deposits on its properties to attract mid-tier and major mining companies. The company's website can be found at http://www.fidelityminerals.com. It is important to note that the news release contains forward-looking statements regarding regulatory approval and the company's plans for its resource projects.

Fidelity Minerals Corp., with Ian Graham at the helm, has agreed to settle a debt with Lions Bay Capital Inc. through a share issuance, subject to exchange approval. The company continues to focus on its advanced projects and aims to attract major mining companies to its properties.