The TSX Venture Exchange has accepted for filing the company's proposal to issue 8,597,288 shares to settle outstanding debt for $1,074,661.
Number of creditors: five creditors
Insiders: Dennis Gibson, $144,000, 1,152,000 shares at 12.5 cents;
Charlotte May, $36,000, 288,000 shares at 12.5 cents;
Martin Walter, $168,000, 1,344,000 shares at 12.5 cents;
William Williams, $164,736, 1,317,888 shares at 12.5 cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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