Mr. William Wylie reports
VALPARAISO ENERGY INC. - SHARES FOR DEBT
Valparaiso Energy Inc. has, effective July 15, 2014, reclassified the outstanding share subscriptions in the amount of $25,000 into convertible debt.
On Sept. 18, 2014, the corporation has entered into an agreement, subject to regulatory approval, whereby the above convertible debtholder has agreed to settle the outstanding principal amount totalling $25,000 into 500,000 common shares of the corporation, reflecting a price of five cents per share. After the above settlement, the corporation will have 47,221,569 shares outstanding.
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