PacRim Resources 6.03 million shares for debt
2003-10-08 14:51 MT - Shares for Debt
The TSX Venture Exchange has accepted for filing the company's proposal to issue 6,034,787 shares at 22.5 cents per share to settle outstanding debt for $1,357,827.
No. of creditors:
Five
Deemed
price
Amount per
Insider owing share No. of
creditors ($) (cents) shares
Pro Bass Pty.
Ltd. (Paul
Ning) 487,830 22.5 2,168,110
Paul and
Francis Ning 37,672 22.5 167,433
Oscar Chess
Pty. Ltd.
(William
Seeto, Daniel
Seeto) 650,903 22.5 2,892,902
The company shall issue a news release when the shares are issued and the debt extinguished. |
