An anonymous director reports
QUIZAM OFFERS SHARES FOR DEBT
Quizam Media Corp. has entered into a shares-for-debt agreement totalling $420,000 with arm's-length parties regarding outstanding consulting fees and proposes to settle the debt through the issuance of 2.1 million common shares of the corporation at a deemed price of 20 cents per share. The shares issued will be subject to a four-month-plus-one-day hold period from the date of issuance.
This shares for debt settlement and subsequent issuance of the shares will not create a new control person.
We seek Safe Harbor.
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