IMPERIAL GINSENG PRODUCTS LTD. ("IGP") ("IGP.PR.A")
BULLETIN TYPE: Company Tier Reclassification, Shares for Debt
BULLETIN DATE: January 22, 2014
TSX Venture Tier 1 Company
Company Tier Reclassification
In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company. Therefore, effective January 23, 2014, the Company's Tier classification will change from Tier 1 to:
Classification
Tier 2
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,129,422 shares to settle outstanding debt for $1,114,944.
Number of Creditors: 4 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Stephen McCoach Y $600,000 $0.27 2,222,222
Trilogy Bancorp Ltd. Y $ 44,944 $0.27 166,459
Hugh Cartwright Y $230,000 $0.27 851,852
MLTS Holdings Inc. (M. Levesque) Y $240,000 $0.27 888,889
The Company shall issue a news release when the shares are issued and the debt extinguished.
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