The TSX Venture Exchange has accepted for filing the company's proposal to issue 1.8 million common share purchase warrants to settle outstanding debt in connection with a settlement agreement between the company, Renaissance Oil Corp. and Eskandar Maleki.
Number of creditors: one creditor
Warrants: 1.8 million share purchase warrants to purchase 1.8 million shares
Warrant exercise price: $12 for a two-year period
The company shall issue a news release when the securities are issued and the debt extinguished.
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