11:08:36 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Para Resources Inc
Symbol PBR
Shares Issued 5,611,600
Close 2014-08-13 C$ 0.09
Market Cap C$ 505,044
Recent Sedar Documents

Para Resources 14,528,416 shares for debt

2014-08-19 20:03 ET - Shares for Debt

The TSX Venture Exchange has accepted for filing the company's proposal to issue 14,528,416 shares and 7,264,208 share purchase warrants to settle outstanding debt for $1,016,989.17.

Number of creditors:  Two creditors

Insider:  Lake Forest Development Corp. (Geoff Hampson), $837,073.46, 11,958,192 shares at seven cents

Warrants:  7,264,208 share purchase warrants to purchase 7,264,208 shares

Warrant exercise price:  10 cents for a two-year period (If the closing price of the company's shares is 75 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.)

Certain shares issued will be subject to resale restrictions.

The company shall issue a news release when the shares are issued and the debt extinguished.

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