BeMetals Announces Settlement of Outstanding Debt and Forgiveness of Remaining Debt with B2Gold.

BeMetals Corp. has reached an agreement to settle $2.02 million in outstanding debt with B2Gold Corp. through the issuance of 28.9 million common shares at $0.07 per share. B2Gold will also forgive $4.4 million in debt and accrued interest. Additionally, B2Gold is converting $5.3 million of convertible debentures into 21.2 million common shares and $838,208 in accrued interest into 3.4 million common shares. The transactions are subject to TSXV approval and will strengthen BeMetals' balance sheet and enhance its financial flexibility for future growth initiatives.