Plata Latina Announces Debt Restructuring

Plata Latina Announces Debt Restructuring _ Geology for Investors

Vancouver, British Columbia–(Newsfile Corp. – March 13, 2018) – Plata Latina MineralsCorporation (TSXV: PLA) (Plata Latina or the “Company”advises that it has entered into a debt settlement agreement (the “Agreement”) with Mr. Gilmour Clausen, the Chairman and major shareholder of the Company. Pursuant to the Agreement, the Company agreed to issue 6,976,845 common shares to Mr. Clausen, representing approximately 10.35% of the current issued and outstanding common shares of the Company, at a deemed price of $0.045 per share based on the 15-day volume weighted average price. Post to the debt conversion, Mr. Clausen’s holdings of the Company’s common shares will be approximately 27.10%. The debt relates to a promissory note of CAD $250,000 entered on May 5, 2015, bearing interest at 10% per annum.

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