Spanish Mountain Gold settles $379K debt with shares and cash payment

Spanish Mountain Gold Ltd (TSX-V:SPA, OTC:SPAZF) has completed a shares-for-debt settlement with Whittle Consulting Ltd, clearing $379,720 in debt. The company paid $14,320 in cash and issued 2,110,919 shares at $0.1731 per share to settle the balance. The transaction, which extinguishes the debt for past services, received TSX Venture Exchange approval. The shares are subject to a four-month-plus-one-day hold period under securities laws.