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Upper Canada Gold Corporation Issues Shares for Services
Apr. 4, 2011 (Filing Services Canada) -- Upper Canada Gold Corporation (UCC - TSX Venture), con...
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[{"type":"text","content":"\nUpper Canada Gold Corporation Issues Shares for Services\n\n Apr. 4, 2011 (Filing Services Canada) -- Upper Canada Gold Corporation (UCC - TSX Venture), confirmed today that, as previously announced in its press release of August 9, 2010, it has issued 29,091 common shares to a consulting company controlled by Upper Canada's Chief Financial Officer in connection with services provided from January 1, 2011 through March 31, 2011. The Company's agreement with the Chief Financial Officer's consulting company provides for quarterly compensation comprised of, among other things, that number of common shares in the capital of Upper Canada equal to $7,200 divided by the market price of such shares on the TSXV as at the last business day of the applicable quarter, discounted by the maximum permitted TSXV discount.  Accordingly, the common shares were issued at a price of $0.2475 per common share based upon the closing price of the Company's common shares on March 31, 2011 of $0.33 per share discounted by 25%, being the maximum discount permitted by the TSXV.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.FOR FURTHER INFORMATION CONTACT: Michael ChurchillTel: 647-977-9267 x101Website: www.uppercanadagold.com To view this press release as a web page, click onto the link below: http://www.usetdas.com/PR/uppercanada04042011.htmSource: Upper Canada Gold Corporation (TSX-V: UCC) http://www.uppercanadagold.comMaximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com\n\n\n\n","length":1883,"tagName":"div"}]