GAINEY RESOURCES LTD ("GRD.H")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 1, 2007
NEX Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 113,636 shares at a deemed price of $0.44 and 90,909 share purchase warrants to settle outstanding debt for $50,000.
Number of Creditors: 1 Creditor
Warrants: 90,909 share purchase warrants to purchase 90,909 shares
Warrant Exercise Price: $0.55 for a one year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
TSX-X
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