CRAILAR TECHNOLOGIES INC. ("CL")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 2, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 742,355 common shares and 371,180 share purchase warrants at a deemed price of US$1.25 per unit to settle outstanding debt for US$927,944.32.
Number of Creditors: 13 Creditors
Warrants: 371,180 share purchase warrants to purchase 371,180 shares
Warrant Exercise Price: US$1.75 for a two-year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
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