The Futura Loyalty Group-Shares For Debt
March 11 2011 - 3:30PM
Marketwired Canada
The Futura Loyalty Group Inc. (TSX VENTURE:FUT) (the "Company") today announced
that it has closed a shares for debt transaction whereby the Company issued a
total of 160,571 common shares ("Debt Settlement Shares") at a deemed price of
$0.05. This transaction is in connection with the conversion of $8,028.54 of
accrued interest on certain convertible debentures described in a press release
dated February 17, 2009 into common shares of the Company. The issuance of the
Debt Settlement Shares will not result in a change of control. The Company
currently has 164,000,054 common shares issued and outstanding.
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