Lara Agrees to Settle Insider Debts in Shares

2019-03-19 / @newsfile

 

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2019) - Lara Exploration Ltd., (TSXV: LRA) ("Lara" or the "Company") reports that it has entered into agreements with its President & CEO, and Vice-President Corporate Development to part settle outstanding management and consulting fees owed to them as of February 28, 2019, by issuing 100,000 common shares priced at $0.50 each. The shares for debt settlements are limited by the amounts allowed by and subject to approval of the TSX Venture Exchange.

About Lara

Lara is an exploration company following the Prospect Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits in Brazil, Peru, Colombia and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43512