The TSX Venture Exchange has accepted for filing the company's proposal to issue 1,124,999 common shares at a deemed price of 18.8 cents per common share to settle outstanding interest for $211,500.
Number of creditors: two creditors
Insider: 2674049 Ontario Inc. (Shimshon Posen), $200,000, 1,063,829 shares at 18.8 cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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