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Hunter Bay Minerals Announces Proposed Debt Settlement

V.HBY

(via Thenewswire.ca)

London, UK / TNW-ACCESSWIRE / July 4, 2014 --- Hunter Bay Minerals plc ("Hunter Bay") (TSX-V: HBY OTCQX: HTBNF) announces that it proposes to settle outstanding indebtedness totaling $59,906 through the issuance of 1,138,136 ordinary shares at a price of $0.05 per share.

Closing of the debt settlement is subject to the approval of the TSX Venture Exchange.

About Hunter Bay

Hunter Bay is engaged in the acquisition, exploration and development of mineral resource properties located in South America and Canada. Hunter Bay's lead project is the Sela Creek Project, located in Suriname, in which Hunter Bay owns a seventy percent (70%) interest and an option to acquire an additional ten percent (10%) interest. Hunter Bay also owns a one-hundred percent (100%) interest in the Great Bear Lake Properties located in the eastern side of Great Bear Lake, NWT, Canada.

For additional information please contact:

Hunter Bay Minerals plc

Suite 880, 580 Hornby Street

Vancouver, BC V6C 3B6

Keith Minty, CEO and director

Phone: (289) 242-8858

Email: keith@otl.co.za

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Copyright (c) 2014 TheNewswire - All rights reserved.

Tags: GOLD

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