Mr. Darrell Rader reports
MINAURUM GOLD ARRANGES SHARES FOR DEBT
Minaurum Gold Inc. has arranged to settle the outstanding debt owed to Minera Mariposa SA de CV pertaining to unincurred expenditures on the Jackie and El Porfido properties by issuing an aggregate of 150,000 common shares at a deemed price of 53.3 cents per common share. The amount of indebtedness to be settled by this arrangement totals $80,000 (U.S.).
The common shares issued in connection with this debt settlement will be subject to a hold period of four months from issuance. The arrangement is subject to approval of the TSX Venture Exchange.
The company would also like to report that the shares for debt owing to officers and consultants of the company that were announced in a news release dated Jan. 16, 2014, have been issued, and that all debts owed to officers and consultants have now been extinguished.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.