Business
Cantex announces shares for debt and grant of stock options
KELOWNA, BC, March 26, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) (the "Compa...
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\n\n\n\n\nKELOWNA, BC, March 26, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) (the \"Company\") announces that, subject to regulatory\n approval, it has agreed to settle indebtedness totaling $10,767 owing\n to a third party vendor with the issuance of 215,334 shares with a\n deemed value of $0.05 per share. The indebtedness includes monies owing\n for geological consulting services.\n\n\nThe Board of Directors also approved an aggregate of 6,940,000 options\n to be granted to certain directors, officers and employees. Each of\n these options allows the holder to purchase one common share of the\n Company at a price of $0.10 valid until March 21, 2019.\n\n\nSigned,\n\n\nChad Ulansky\n\n\nChad Ulansky\nPresident and CEO\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release. \n\nSOURCE: Cantex Mine Development Corp.\n\n\n Cantex Mine Development Corp, Tel: +250-860-8582, Email: [email protected] \n","length":1475,"tagName":"div"}]