Matamec Fully Reimburses its $1,396,000 Debt

Matamec Explorations Inc. (TSX VENTURE:MAT) reported that the company has fully repaid its unsecured and non-convertible debenture in the amount of $1,298,405 renegotiated September 17th, 2009 and expiring August 31st, 2010, and the accrued interest of $97,612 for a total sum $1,396,017.

The press release is quoted as saying:

Matamec explores for significant gold deposits in the Timmins mining camp in Ontario of which the Matheson Property (with Goldcorp) is the main target. In Quebec, the Company explores for precious and base metals on its Sakami, Valmont and Vulcain Properties. As well, Matamec is exploring for gold together with Northern Superior Resources Inc. on its Lespérance/Wachigabau Property.

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