The TSX Venture Exchange has accepted for filing the company's proposal to issue five million shares at a deemed price of one cent per share to settle outstanding debt for $50,000.
Number of creditors: two creditors
Insiders: Nick Taylor and Margaret Taylor, $30,000, three million shares at one cent;
Stuart McDowall, $20,000, two million shares at one cent
The company shall issue a news release when the shares are issued and the debt extinguished.
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