ARROWSTAR RESOURCES LTD. ("AWS") BULLETIN TYPE: Shares for Debt BULLETIN DATE: May 13, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,060,000 shares at a deemed price of $0.05 per share to settle outstanding debt for $698,245.
Number of Creditors: 7 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price Creditor Progroup=P Owing per Share # of Shares
Andrew Jarvis Y $20,430 $0.05 120,000 Panopus PLC (Phil Thomas) Y $428,086 $0.05 2,500,000 Promaid Services Ltd. (Blaine Bailey) Y $113,925 $0.05 500,000 Ridgerock Industries Ltd. Y $73,004 $0.05 500,000 Stephen Brohman Y $11,000 $0.05 70,000 Sumac Investment Inc. Y $37,800 $0.05 250,000 Surjiet Johal Y $14,000 $0.05 120,000
The Company shall issue a news release when the shares are issued and the debt extinguished. ________________________________________
|
|