Armistice Resources announces that it has entered into a debt conversion agreement with an arm's length creditor, and certain other parties, pursuant to which the Company intends to settle, in two tranches, an aggregate of $4,000,000 of outstanding indebtedness owed by the Company. In the first tranche, the Company will issue an aggregate of 50,000,000 common shares (each, a "Common Share") in the capital of the Company
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