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| Home : WCB Settles Debt and Arranges Non-Brokered Private Placement |
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Apr 08
2017 |
WCB Settles Debt and Arranges Non-Brokered Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 7, 2017) - Further to the announcement dated February 16, 2017 and March 31, 2017, WCB Resources Ltd. (TSX VENTURE:WCB) ("WCB" or the "Company") announces it has issued 3,000,000 common shares (the "Shares for Debt Transaction") to one creditor of the Company in consideration for settlement of a total combined debt of $150,000 a deemed price of $0.05 per share. The debt, and current conversion, was an advance to WCB as part of a Heads of Agreement for a proposed merger that was recently terminated. The common shares issued under the Shares for Debt Transaction are subject to a four month hold period that expires on August 8, 2017. |
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| Source:http://www.marketwired.com/mw/release.do?id=2208589&sourceType=3 |
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