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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 2, 2017) - Panorama Petroleum Inc. (the "Company") (TSX VENTURE:PPA) reports that a Shares-for-Debt Agreement has been reached with creditors Maverick Petroleum Ltd. for a $4,900,000 debt through the issuance of 98,000,000 common shares at $0.05 per common share and with Larnite Corporation (Pvt) Ltd. for a $400,000 debt through the issuance of 8,000,000 common shares at $0.05 per common share. |
