Ditem Explorations: Shares for Debt Agreement
November 06 2009 - 2:25PM
Marketwired
Ditem Explorations (TSX VENTURE: DIT) is pleased to announce that
the company has entered into a debt settlement agreement for the
issuance of an aggregate 990,020 common shares to Golden Valley
Mines Ltd, in consideration for settlement of an aggregate
$74,264.99 debt at a deemed price of $0.075. The debt is related to
expenses paid by Golden Valley Mines for the Beartooth Island
Property. The transaction is subject to the receipt of regulatory
approval.
Ditem Explorations (57,372,582 fully diluted) is a uranium
exploration and development Company with properties in the
Athabasca Basin in Saskatchewan (Beartooth Island and Cree Lake)
and the Otish Basin (Otish Uranium) in Quebec. The Company has also
completed drilling programs on the Beartooth Island and Otish
Uranium properties and, as soon as possible, plans to undertake
drilling on its Cree Lake property. Other exploration programs are
also being developed. Existing properties and general information
may be viewed on the Company's website at www.ditem.com.
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.
Contacts: Ditem Explorations Raymond Savoie President and CEO
514-875-9034 Ditem Explorations David Vincent Director, Investor
Relations 514-875-9034 david.vincent@ditem.com www.ditem.com
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