RockBreaks – Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) Issues $367,562 Convertible Note to Indigenous Partner
This article has been disseminated on behalf of Search Minerals Inc. and may include paid advertising. Search Minerals (TSX.V: SMY) (OTC: SHCMF) has issued an unsecured convertible note totaling $367,562 to its Indigenous partner, the NunatuKavut Community Council, in full settlement of existing indebtedness under a prior note issued in October 2024, including accrued interest. The transaction does not provide new capital or cash proceeds but extends the company’s repayment obligations while consolidating existing debt, reflecting continued support from the partner and the longstanding relationship tied to the company’s Newfoundland and Labrador projects, according to interim CEO Jason Macintosh. To…