ROCHESTER RESOURCES LTD. ("RCT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 6, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 14,043,243 shares and 11,593,243 share purchase warrants to settle outstanding debt for $1,053,243.
Number of Creditors: 10 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Eduardo Luna Y $375,000 $0.075 5,000,000
888 Capital Corp. (Nick Demare) Y $281,250 $0.075 3,750,000
Joseph Keane Y $76,005 $0.075 1,013,400
Michael Magrum Y $50,000 $0.075 666,670
Simon Tam Y $48,750 $0.075 650,000*
Marc Cernovitch Y $48,750 $0.075 650,000*
Harvey Lim Y $37,500 $0.075 500,000*
Jose Manuel Silva Y $48,750 $0.075 650,000*
*no warrants attached.
Warrants: 11,593,243 share purchase warrants to purchase 11,593,243 shares
Warrant Exercise Price: $0.075 for a three-year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
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