Tarku Announces Issuance of Shares in Payment of Certain Debts

Tarku Announces Issuance of Shares in Payment of Certain Debts

MONTREAL, June 10, 2020 (GLOBE NEWSWIRE) — Tarku Resources Ltd (TSX-V: TKU) (the “Company” or “Tarku”) announces that it intends to issue an aggregate of 1,400,468 common shares in settlement of debts in an aggregate amount of $86,128.73. The debts resulted from exploration services ($75,628.13) and conference services ($10,500) provided by two creditors of Tarku (the “Debt Settlement”) from February 2019 to April 2019.
The common shares to be issued pursuant to the exploration services Debt Settlement will be issued at a deemed price of $0.06 per share; The common shares to be issued pursuant to the conference services Debt Settlement will be issued at a deemed price of $0.075 per share and all common shares will be subject to a four-month hold period pursuant to applicable securities legislation and the policies of the TSX Venture Exchange.About Tarku Resources Ltd. (TSX-V: TKU)
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