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ORIGINAL: Arcturus Growthstar to issue 420,000 shares for debt

2016-02-18 08:16 ET - News Release

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File: Arcturus - Press Release - Debt Settlement.pdf

                                   ARCTURUS GROWTHSTAR TECHNOLOGIES INC.
                                         Suite 1518, 1030 West Georgia Street
                                             Vancouver, British Columbia
                                                       V6E 2Y3

                                                          NEWS RELEASE
                                      ARCTURUS ANNOUNCES DEBT SETTLEMENT
February 18, 2016   Vancouver, British Columbia   Arcturus Growthstar Technologies Inc. (the "Company" or
"Arcturus") (CNSX: AGS) is pleased to announce that it intends to settle outstanding indebtedness of $21,000
owing to a director of the Company through the issuance of 420,000 common shares of the Company (the
"Shares") at a deemed price of $0.05 per Share. The Shares, when issued, will be subject to a four month hold
period. The issuance of the Shares is subject to Canadian Securities Exchange approval.
For further information, contact Michael Withrow, Director, at 604.689.2646.
On behalf of the Board,
Arcturus Growthstar Technologies Inc.
Michael Withrow, Director
About Arcturus
The Company is in the business of developing and distributing LED based lighting solutions for both
commercial and residential applications. The focus is on delivering cost efficient lighting to North America via
advanced e-commerce sites the company owns and operates. The Company's LEDCanada.com website, which
caters to all Canadian consumers as well as B2B customers via Contractor and Re-Seller log-in areas, attracts
thousands of customers per month. LED Canada is a trusted supplier of the newest and highest quality LED
Lighting solutions, helping take the guess work out of this "sometimes confusing" technology. The Company
also owns and operates COBGrowlights.com which caters to both large and small greenhouses and indoor
cultivation individuals. The Company's Growthstar brand of LED lights have been top rated for almost 5 years
and our newest COB and MCOB (Chip on board and Multiple Chips on Board) technologies are proving to be a
game changing revolution in the world of "LED Grow Lights" by providing the first true option for replacing
the millions of HPS lamps currently industry standard with 50% reduction in power use and many other
benefits.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Cana
--->dian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passe
--->d upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements w
--->ithin, other than statements of
historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in suc
--->h forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual results or develo
--->pments may differ materially
from those in forward-looking statements. Factors that could cause actual results to differ materially from those in f
--->orward-looking statements include
market prices, exploitation and exploration successes, continued availability of capital and financing, and general ec
--->onomic, market or business
conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to
---> rely on their own evaluation of
such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under 
--->the applicable laws.




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