Mr. Gerri Greenham reports
SOLARVEST SETTLES US$43,651 DEBT
Solarvest Bioenergy Inc. has settled the sum of $43,651.52 (U.S.) due to Barnes & Thornburg LLP in connection with legal services rendered (with respect to the company's patents) by way of a shares-for-debt settlement. Pursuant to an agreement, the total debt was settled through the issuance of 256,909 common shares at a deemed price of 22 cents per share.
The common shares issuable pursuant to the agreement are subject to resale restrictions for a period of four months from the closing date under applicable securities legislation.
About Solarvest Bioenergy Inc.
Solarvest is a biotechnology company with an algal-based production platform that provides it with a flexible system capable of being adapted to produce health products, such as omega oils or clean energy in the form of hydrogen, in an economic and environmentally sustainable manner.
We seek Safe Harbor.
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