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TORONTO, ONTARIO--(Marketwired - Sept. 25, 2014) - Morumbi Resources Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company") is pleased to announce that further to the Company's news release dated August 19, 2014, the Company has completed its shares-for-debt private placement to settle aggregate total debt of $171,403 owing to certain directors, officers, consultants and arm's length parties. Under the debt settlement, the Company issued an aggregate of 3,428,060 common shares (the "Shares") of the Company at a deemed price of $0.05 per Share. |
