CATALINA ENERGY CORP. ("CA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 16, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,163,544 shares at a deemed price of $0.05 per share and 713,544 share purchase warrants to settle outstanding debt for $58,177.18.
Number of Creditors: 3 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Randy Butchard P $ 10,000 $ 0.05 200,000 un
Arbroath Energy
(Ian Gallie) Y $22,500 $ 0.05 450,000 shs
Warrants: 713,544 share purchase warrants to purchase 713,544 shares
Warrant Exercise Price: $0.10 for a two year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
TSX-X
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