Mr. Clive Massey reports
TASCA ENTERS INTO DEBT SETTLEMENT AGREEMENTS
Tasca Resources Ltd. has entered into debt settlement agreements with two arm's-length creditors pursuant to which the company has agreed to issue an aggregate of 1,727,953 common shares at a deemed price of 11 cents per share in order to settle long-term debt of the company totalling $190,074.83.
The company has decided to satisfy the indebtedness with shares in order to conserve cash.
The company will issue the shares (which are subject to a four-month hold period on resale), subject to the approval of the TSX Venture Exchange.
We seek Safe Harbor.
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