07:27 AM EDT, 08/25/2025 (MT Newswires) -- Getchell Gold ( GGLDF ) , trading shy of 52 week highs, said earlier Monday that it extinguished all remaining debt following the final settlement of outstanding debentures worth $275,430.

The company said it paid $119,691 in cash, representing $70,000 in principal and $49,691 in accrued interest.

In addition, $205,430 of principal was applied to the exercise of 2,054,300 previously issued debenture warrants, resulting in the issuance of 2,054,300 common shares at $0.10 each.

In June, the company said debentures with an aggregate principal amount of about $4.1 million, together with accrued interest of $613,794.20, were converted into 23,508,412 units.

Meanwhile, Getchell reported the resignation of Scott Frostad as vice president of exploration. Patrick McLaughlin was appointed as senior project geologist.

Getchell is focused on advancing the Fondaway Canyon project in Nevada.