SEARCH MINERALS INC. ("SMY")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: November 29, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,047,359 shares at a deemed price of $0.10 per share to settle outstanding debt for $104,735.90.
Number of Creditors: 3 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
James Patterson Y $21,212.10 $0.10 212,121
Raymond Saunders Y $3,273.80 $0.10 32,738
Roberto Giannetti Da Fonseca Y $80,250.00 $0.10 802,500
The Company shall issue a news release when the shares are issued and the debt extinguished.
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