Spanish Mountain Gold Ltd (TSX-V:SPA, OTC:SPAZF) told investors it has completed a transaction with Whittle Consulting Ltd, settling a $348,000 debt through the issuance of 1.83 million shares
The shares were issued at a price of $0.19 each. The shares are subject to a four-month hold period. The company also paid $122,400 in cash.
Spanish Mountain Gold is advancing its wholly-owned gold project in British Columbia toward construction.