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TORONTO, ONTARIO--(Marketwired - Nov. 7, 2014) - Brookwater Ventures Inc. (TSX VENTURE:BW) has entered into settlement agreements (the "Settlement Agreements") with various creditors of the company whereby Brookwater would issue common shares of the company at a deemed price of between $0.10 and $0.212 per common share in full and final settlement of the amounts owing to such creditors (the "Shares for Debt Settlement"). Pursuant to the Settlement Agreements, $2,507,638.03 would be settled and a total of 20,609,840 common Shares would be issued to the creditors, which would represent 76% of the issued and outstanding common shares of Brookwater following the completion of the Shares for Debt Settlement. |
