SEA BREEZE POWER CORP. ("SBX")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 17, 2013
TSX Venture Tier 2 Company
Further to the bulletin dated June 26, 2008, TSX Venture Exchange has accepted for filing the Company's proposal to issue 15,293,391 shares to settle outstanding debt for $1,501,643.84. The debt relates to interest due on convertible debentures in the principal amount of $2,500,000. The interest payments are payable in shares calculated semi-annually at the market price of the shares on the semi-annual calculation dates and payable upon maturity.
Number of Creditors: 3 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Kenneth L. Puryear Y $605,495.12 various 6,166,624
Hoffman-Seabreeze LLC
(Mark Hoffman) Y $291,269.06 various 2,966,410
Henry P. Anderson III
Revocable Living Trust Y $604,879.66 various 6,160,357
The Company shall issue a news release when the shares are issued and the debt extinguished.
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