Mr. Claudio Larotonda reports
AZABACHE ANNOUNCES REPAYMENT OF CONVERTIBLE LOAN IN SHARES
Pursuant to the terms of the previously announced debt offering on May 15, 2013, Azabache Energy Inc. has repaid in full the principal amount under its convertible loan of $350,000 through the issuance of an aggregate of 2,058,823 common shares of the company at a deemed price of 17 cents per common share. The interest under the loan shall be repaid to the lender in cash. The common shares are subject to a hold period from trading until Nov. 18, 2014.
For further information on Azabache, please visit the company's website.
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