INTERNATIONAL X-CHEQUER RESOURCES INC. ("IXR.H") BULLETIN TYPE: Shares for Debt BULLETIN DATE: February 16, 2007 NEX Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,993,031 shares and 1,600,000 share purchase warrants to settle outstanding debt for $498,257.79.
Number of Creditors: 5 Creditors
Insider / Pro Group Participation: N/A
Warrants: 1,600,000 share purchase warrants to purchase 1,600,000 shares
Warrant Exercise Price: $0.33 for a one year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
TSX-X ________________________________________
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