Granite Creek Gold (GCX-V) Sept 15, '16 wishes to announce that it has completed the debt settlement announced May 27, 2016.
The company issued 2,005,060 shares to settle outstanding debt for $100,253 at a deemed price of $0.05 per share to 6 Creditors including the following insiders:
| Keon Kwan | | 105,000 shares issued, | | | Jennifer Nestoruk | | 124,320 shares issued, | | | Willis Osborne | | 546,000 shares issued, | | | Tim Johnson | | 851,757 shares issued, | | | Mike Rowley | | 126,000 shares issued | |
As of the close of this debt settlement the company has 8,703,076 shares issued and outstanding.
The company has also converted $208,968 of debt held by a private company, controlled by a director to a long term loan. The loan will not be due and payable until July 31, 2019 and will bear an annual interest rate of 5%.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, with the goal of establishing a mineable mineral resource. Granite Creek is currently seeking new opportunities.
Granite Creek Gold Ltd.
Timothy Johnson
President
604-569-2430
info@granitecreekgold.com |
