The TSX Venture Exchange has accepted for filing Arco Resources Corp. proposal to issue 2,018,600 shares at a deemed price of five cents per share to settle outstanding debt for $100,930.
Number of creditors: eight
Insiders: Reflex Law Corp.
(Jeff Sheremeta) $10,000, five cents, 200,000
shares; Jeff Sheremeta $5,000, five cents, 100,000
shares; Matrix 1 Capital Corp.
(Teresa Rzepczyk) $9,000, five cents, 180,000
shares
The company shall issue a news release when the shares are issued and the debt extinguished.
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