The TSX Venture Exchange has accepted for filing the company's proposal to issue 30,056,528 shares to settle outstanding debt for $2,404,522.37.
Number of creditors: 12 creditors
Insiders: Octavian Capital Corp. (Michael Williams), $178,802.56, 2,235,032 shares at eight cents;
Spartan Pacific Financial Ltd. (Cale Moodie), $314,578.89, 3,932,235 shares at eight cents;
Sheryl Dhillon, $79,375, 992,187 shares at eight cents;
Doug Ramshaw, $233,949.84, 2,924,373 shares at eight cents;
Elysium Mining Ltd. (Peter Voulgaris), $227,979.60, 2,849,745 shares at eight cents;
Peter Voulgaris, $169,600, 2.12 million shares at eight cents
The company shall issue a news release when the shares are issued and the debt extinguished.
The shares of the company will remain halted.
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