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| Home : Group Ten Metals Inc. Enters Debt Settlement Agreements |
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Feb 16
2016 |
Group Ten Metals Inc. Enters Debt Settlement Agreements |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2016) - Group Ten Metals Inc. (TSX VENTURE:PGE)(FRANKFURT:5D31) (the "Company" or "Group Ten") announces that the Company has entered debt settlement agreements with creditors to settle $888,045.52 of outstanding debt by way of a write-off and the issuance of 9,382,874 common shares. A total of $723,287.39 of debt will be settled at $0.10 per share while a further $107,500.00 will be settled at $0.05 per share, including $47,000 of debt owed to Michael Rowley and MVR Consulting, a company controlled by Michael Rowley, President and CEO of the Company. In addition Mr. Rowley is writing off $57,258.13 in debt owed to him by the Company. |
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| Source:http://www.marketwired.com/mw/release.do?id=2096729&sourceType=3 |
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