The TSX Venture Exchange has accepted for filing the company's proposal to issue 1,477,685 shares to settle outstanding debt of $103,438.
Number of creditors: four creditors
Insiders: John J. Gardiner & Associates LLC, $54,824, 783,200 shares at seven cents;
Gary R. McDonald, $4,000, 57,143 shares at seven cents;
Glenn R. Yeadon Personal Law Corp., $21,624, 308,914 shares at seven cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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