SIMBA ESSEL ENERGY INC. ("SMB")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 10,569,214 shares to settle outstanding debt for $739,845.
Number of Creditors: 1 Creditor
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Essel Group Middle East DMCC
(Gagan Goel, Nishi Goel) Y $739,845 $0.10 10,569,214
The Company shall issue a news release when the shares are issued and the debt extinguished.
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