PANORAMA PETROLEUM INC. ("PPA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 3, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 106,000,000 shares to settle outstanding debt for $5,567,446.
Number of Creditors: 2 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Larnite Corporation (Pvt.) Ltd Y $400,000 $0.05 8,000,000
(Lutfur Khan)
Maverick Petroleum Ltd. Y $4,900,000 $0.05 98,000,000
(Lutfur Khan)
The Company shall issue a news release when the shares are issued and the debt extinguished.
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