Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (the “Company”) (TSX-V: GLD) announces that it has negotiated a shares-for-debt settlement with five creditors. Subject to regulatory acceptance, the Company will issue 2,841,008 common shares at a deemed price of $0.05 per share in settlement of $142,050.41 of debt. The shares to be issued will be subject to a four-month hold period.

 

About GoldON Resources Ltd.

 

GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. All of its properties are in good standing and include the Slate Falls gold-silver property in northwestern Ontario and the Swayze gold property adjoining the multi-million ounce Côté Gold Project owned by Trelawney Mining and Exploration, a subsidiary of IAMGOLD Corporation. For more information, visit www.goldonresources.com or view the current GoldON presentation.

 

ON BEHALF OF THE BOARD

 

Signed “Michael Romanik” 

Michael Romanik, President

Direct line: (204) 724-0613

Email: info@goldonresources.com

 

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To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/GoldONDec142015.pdf

Source: GoldON Resources Ltd. (TSX Venture:GLD) http://goldonresources.com/

 

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