CALGARY, Oct. 17, 2017 /CNW/ - Jasper Mining
Corporation ("Jasper") (TSX-V:JSP) advises that it intends to bring
before the shareholders, at the annual and special meeting, a
resolution to convert certain debts of Jasper into common shares of
Jasper.
Jasper proposes to convert $100,250 of debt owing by Jasper to Xon Office
Condo Ltd. into common shares of Jasper at $0.10 per share for a total of 1,002,500 common
shares. This debt relates to office rent charges commencing
April 2013. Xon Office Condo Ltd. is controlled by
Gordon F. Dixon, the President and
major shareholder of Jasper.
Jasper also proposes to convert $110,924.87 of debt owing by Jasper to Gordon F.
Dixon Professional Corporation doing business as Dixon Law into common shares of Jasper at
$0.10 per share for a total of
1,109,249 common shares. This debt relates to secretarial and
office administration charges commencing September 2012.
Gordon F. Dixon Professional Corporation is controlled by
Gordon F. Dixon, the President and
major shareholder of Jasper.
Jasper further proposes to convert $4,032.39 of debt owing by Jasper to Gordon F. Dixon into common shares of Jasper at
$0.10 per share for a total of 40,324
common shares. This debt relates to expenses paid on behalf
of Jasper. Gordon F. Dixon is
a director and major shareholder of Jasper.
The intended resolutions are subject to such regulatory
approvals as may be required.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Jasper Mining Corporation
