The TSX Venture Exchange has accepted for filing the company's proposal to issue 529,195 common shares at a deemed value of 12.5 cents per share to settle outstanding debt for $66,149.38.
Number of creditors: seven creditors
Insiders: Michael Sweatman, $10,203.73, 81,629 shares at 12.5 cents;
MBP Management Ltd., $11,025, 88,200 shares at 12.5 cents;
Rhodanthe Corporate Services, $7,938, 63,504 shares at 12.5 cents;
Warren Stanyer, $13,230, 105,840 shares at 12.5 cents;
Charles Roy, $7,500, 60,000 shares at 12.5 cents;
Suraj Ahuja, $7,500, 60,000 shares at 12.5 cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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