The TSX Venture Exchange has accepted for filing the proposal by () to issue 168,282 shares to settle an outstanding debt of $27,768.18.
The debt is by insider Sergei Stefanovich, the statement said. The 168,282 shares will be issued at $0.165 per share. The shares closed on Thursday at $0.19, off 2.56% on the day.
The company will issue a news release when the shares are issued and the debt extinguished.
Reporting by Rene Pastor, contactable on [email protected]
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