The TSX Venture Exchange has accepted for filing the company's proposal to issue four million shares to arm's-length parties at a deemed price of one cent per share to settle the outstanding debt of $40,000 and issue two million shares to a non-arm's-length party at a deemed price of one cent per share to settle outstanding debt for $20,000.
Number of creditors: four creditors
Total non-arm's-length-party involvement: $20,000, two million shares at one cent (three creditors)
For more details, refer to the company's news release dated Feb. 10, 2025. The company shall issue a news release when the shares are issued and the debt extinguished.
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