The TSX Venture Exchange has accepted for filing the company's proposal to issue 2.5 million shares and 939,150 share purchase warrants to settle outstanding debt for $171,957.50.
Number of creditors: Six creditors
Insiders: Wade Hodges, $43,750, 875,000 shares at five cents;
Kenneth Tullar, $43,750, 875,000 shares at five cents;
James Buskard, $37,500, 750,000 shares at five cents
Warrants: 939,150 share purchase warrants to purchase 939,150 shares
Warrant exercise price: 10 cents for a three-year period
The company shall issue a news release when the shares are issued and the debt extinguished.
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