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| Home : Eskay Establishes Debt Settlement Price |
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Oct 21
2016 |
Eskay Establishes Debt Settlement Price |
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TORONTO, ONTARIO--(Marketwired - Oct. 20, 2016) - Eskay Mining Corp. ("Eskay" or the "Company") (TSX VENTURE:ESK) wishes to announce that further to its press release of September 21, 2016, the Company issued a press release relating to its summer exploration program on October 17, 2017 and the closing price of the Company's common shares on October 19, 2016 was $0.25. Therefore no adjustment to the price at which debt is to be settled is required and the Company will settle an aggregate of $341,682.47 of management fees owed to a company controlled by the President and CEO of the Company in consideration for the issuance of 1,627,059 common shares of the Company at a price of $0.21 per share. The debt settlement remains subject to TSX Venture Exchange approval and approval of the disinterested shareholders voting at the Annual and Special meeting of the shareholders of the Company to be held on Wednesday November 2, 2016. The securities to be issued will be subject to a hold period of four months and a day. |
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| Source:http://www.marketwired.com/mw/release.do?id=2168356&sourceType=3 |
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