Traction Uranium Corp. has entered into debt settlement agreements totaling $283,400 with a director, an officer, and a consultant. The debts will be settled by issuing 1,288,181 units at a price of $0.22 per unit. Two of the agreements are considered “related party transactions” under Multilateral Instrument 61-101. The company is seeking approval from the CSE for the agreements and the securities issued will be subject to a hold period of four months and one day. Traction Uranium Corp. is focused on mineral exploration and development in Canada, with a uranium project in the Athabasca Region.

Read more at GlobeNewswire: Traction Uranium Announces Securities for Debt Settlement