The TSX Venture Exchange has accepted for filing the company's proposal to issue 1,323,000 shares to settle outstanding debt for $198,450.
Number of creditors: four creditors
Insiders: Nelson W. Baker Geological Services Ltd. (Nelson Baker), $107,500, 716,667 shares at 15 cents;
TBC Ventures Ltd. (Barry Coughlin), $25,000, 166,667 shares at 15 cents;
Brad Baker, $50,000, 333,333 shares at 15 cents
The company shall issue a news release when the shares are issued and the debt extinguished.
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