FAB-FORM INDUSTRIES LTD. ("FBF")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 24, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 431,841 units to settle outstanding debt for $25,910.46. Each unit consists of one common share and one-half of one common share purchase warrant, where each whole warrant can be exercised into one common share of the Issuer at $0.10 per share for a two year period.
Number of Creditors: 12 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Chris Mattock Y $2,000 $0.06 33,333
Elizabeth Fearn Y $2,243.54 $0.06 37,392
Herb Bentz Y $3,000 $0.06 50,000
Richard Fearn Y $4,100 $0.06 68,333
The Company shall issue a news release when the shares are issued and the debt extinguished.
TSX-X
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