TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) — Crystal Peak Minerals Inc. (Crystal Peak or the Company) (TSXV: CPM, OTCQB: CPMMF) announced that it has completed the restructuring with EMR Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources fund 1, LP (EMR), that was disclosed in its October 2, 2020 press release (the Restructure).
Pursuant to the Restructure, EMR enforced its security provision under the convertible note agreement and foreclosed on the Companys shares of its wholly-owned subsidiary, Peak Minerals Inc. (Peak Minerals), in accordance with its rights. Peak Minerals was the Companys operating subsidiary and holds the Sevier Playa Projec…
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