Los Andes Copper issues shares to Queen's Road Capital

Los Andes Copper Ltd (TSX-V:LA) has opted to issue 12,365 shares to Queen's Road Capital Investment, as per the terms of US$5 million, US$4 million and US$5 million 8% convertible debentures issued in June 2021, April 2022, and September 2022. This issuance, at a deemed price of US$8.49 (C$11.68) per share, settles an interest amount of US$104,979 (C$144,549) on the Convertible Debentures. As outlined in the debenture terms, interest is paid quarterly, with 5% in cash and three percent in shares, based on the greater of the 20-day volume-weighted average price or the Discounted Market Price.