The TSX Venture Exchange has accepted for filing the company's proposal to issue 7,206,642 common shares at a price of 10 cents per common share to settle outstanding debt of $720,664.20 owed to holders of principal amount of $650,000 convertible debentures, plus accrued and unpaid interest, which were issued May 14, 2015. The payment was made May 14, 2018, being the maturity date of the debentures.
Number of creditors: 18 creditors
Insider/pro group participation: none
The company issued a news release when the shares are issued and the debt extinguished on May 14, 2018. Further to the TSX Venture Exchange bulletin dated Sept. 13, 2018, trading in the shares of the company will remain halted, pending receipt and review of acceptable documentation pursuant to listings Policy 5.6(d) of exchange Policy 5.3.
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