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FORT ST. JOHN, BRITISH COLUMBIA--(Marketwired - June 24, 2013) - Further to the news releases issued by Macro Enterprises Inc. (TSX VENTURE:MCR) (the "Company" or "Macro") dated June 3, 2013 and June 18, 2013, Macro announces that pursuant to the terms of a Convertible Loan Agreement dated July 7, 2006, as amended, (the "Convertible Loan Agreement"), it has issued an aggregate of 3,792,698 Common shares in satisfaction of $5,689,051, being the aggregate principal amount of the loan at a conversion price of $1.50 per Common share. Certain of the lenders to whom Common shares were issued upon such conversion, namely Frank Miles, Mark Dodge and Hugh Sewell, are insiders of Macro. A copy of the Convertible Loan Agreement, as amended, is available on SEDAR at www.sedar.com. |
