Mr. David Volkert reports
PAGET ANNOUNCES COMPLETION OF SHARES-FOR-DEBT TRANSACTION
Paget Minerals Corp. has completed the shares-for-debt transaction announced on Jan. 19, 2015, after receiving the approval of the TSX Venture Exchange to settle indebtedness with a creditor of the company.
Pursuant to the shares-for-debt transaction, the company has issued 882,968 common shares at a deemed price of five cents per share to settle debt in the amount of $44,148 from certain obligations of the company under an option agreement dated Aug. 17, 2012, as amended on April 25, 2013. The shares issued by the company pursuant to the shares-for-debt transaction are subject to a four-month hold period expiring June 26, 2015.
We seek Safe Harbor.
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