The TSX Venture Exchange has accepted for filing the company's proposal to issue 241,667 shares to settle outstanding debt for $72,500.
Number of creditors: Six creditors
Insiders: Redrock Exploration (BVI) Ltd. (Miles Thompson), $25,000, 83,333 shares at 30 cents;
CRM Global Capital Inc. (Christopher MacIntyre), $20,000, 66,667 shares at 30 cents;
Andre Gauthier, $5,000, 16,667 shares at 30 cents;
Christopher Jones, $4,500, 15,000 shares at 30 cents;
Michael Winn, $9,000, 30,000 shares at 30 cents;
Byron King, $9,000, 30,000 shares at 30 cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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