07:11:45 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Phoenix Gold Resources Corp
Symbol PXA
Shares Issued 31,044,000
Close 2014-08-22 C$ 0.10
Market Cap C$ 3,104,400
Recent Sedar Documents

Phoenix Gold investor increases holdings to 17.7%

2014-08-22 21:35 ET - News Release

Mr. Glenn Laing reports

EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 PURCHASE OF UNITS OF PHOENIX GOLD RESOURCES CORP.

Phoenix Gold Resources Corp. has completed a shares-for-debt settlement transaction with America's Gold Exploration Inc. of 2131 Stone Hill Circle, Reno, Nev., United States of America, 89519, to settle a debt of $48,390 owed to AGEI by issuing an aggregate of 483,900 common shares of the company to AGEI at a deemed price of 10 cents per share.

AGEI is controlled and majority owned by Don McDowell, vice-president of corporate development of the company, and now owns an aggregate of 5,956,400 common shares of the company, which represents approximately a 17.7-per-cent undiluted interest in the company, which is an increase from 16.5 per cent.

The shares acquired pursuant to the debt settlement were acquired for investment purposes as a means of settling the indebtedness owed to AGEI by the company, and AGEI may increase or decrease its beneficial ownership or control in the company depending on market or other conditions. All shares issued are subject to a four-month hold period.

A copy of the early warning report may be found on SEDAR.

© 2024 Canjex Publishing Ltd. All rights reserved.