FEC Resources Settles PXP Loan by Issuing Shares

July 31, 2025 12:36 PM EDT | Source: FEC Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") is pleased to report that PXP Energy Corporation ("PXP") agreed to convert its outstanding loan of $1,011,155.88 plus accrued interest to July 31, 2025 of $146,604.90 into shares of FEC at $0.0088 per FEC share. 131,563,725 common shares of FEC were issued to settle a total of $1,157,760.78 in debt.

On behalf of the Board of,

FEC Resources Inc.

Daniel Carlos
Director and Chief Executive Officer

E-mail: info@FECResources.com     
Website: http://www.FECResources.com 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260826

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