From GlobeNewswire: 2025-06-06 07:30:00

BE Resources Inc. settles C$361,361.23 debt with creditors by issuing 5,559,399 common shares at C$0.065 per share. The Debt Settlement aims to preserve cash for working capital. The shares will be subject to a hold period of four months and a day. Marrelli Capital Limited receives 4,128,027 shares as part of the settlement, impacting CEO Carmelo Marrelli’s ownership to 60.22% of total shares. An early warning report will be filed about the acquisition. BE Resources focuses on repositioning its business for optimization and growth opportunities. Forward-looking statements in the news release address potential risks and uncertainties in the company’s future plans.



Read more at GlobeNewswire: BE Resources Announces Closing of Debt Settlement