The TSX Venture Exchange has accepted for filing the company's proposal to issue 4.06 million shares at a deemed price of five cents per share to settle outstanding debt for $698,245.
Number of creditors: seven creditors
Insiders: Andrew Jarvis, $20,430 owing, 120,000
shares at five cents; Panopus PLC
(Phil Thomas), $428,086 owing, 2.5 million shares at five cents; Promaid Services Ltd.
(Blaine Bailey), $113,925 owing, 500,000
shares at five cents; Ridgerock Industries Ltd., $73,004 owing, 500,000
shares at five cents; Stephen Brohman, $11,000 owing, 70,000
shares at five cents; Sumac Investment Inc., $37,800 owing, 250,000
shares at five cents; Surjiet Johal, $14,000 owing, 120,000
shares at five cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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