SeaMiles to Issue Shares Under Settlement Agreement
October 21 2008 - 4:20PM
Marketwired
SeaMiles Limited (the "Company") (TSX VENTURE: SEE), North
America's premier cruise loyalty provider, announced today that it
has reached an agreement to issue shares pursuant to a settlement
agreement reached with respect to litigation involving SeaMiles,
LLC. Under this agreement, $425,000 U.S. owed by the Company will
be settled through a combination of cash payments and the issuance
of common shares in the capital of the Company (the "Shares"), with
100,000 Shares to be issued now.
The closing of this transaction is subject to certain conditions
including, but not limited to, the receipt of all necessary
regulatory approvals, including the approval of the TSX Venture
Exchange.
ABOUT SEAMILES
SeaMiles is North America's premier cruise loyalty provider,
committed to recognizing and rewarding the cruiser through multiple
earning opportunities and best-in-class, maximum award flexibility
based on "Any Cruise Line...Any Time". Additional information can
be found at www.seamiles.com.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: SeaMiles Limited Peter Rooney President (416) 398-1555
Ext. 442 Email: peter.rooney@seamiles.com SeaMiles Limited Steven
Wise Chairman & CEO (416) 631-3400 Email: steven@seamiles.com
Website: www.seamiles.com
Intellectual Capital Group Ltd. (TSXV:SEE)
Historical Stock Chart
From Sep 2024 to Oct 2024
Intellectual Capital Group Ltd. (TSXV:SEE)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Intellectual Capital Group Ltd. (TSX Venture Exchange): 0 recent articles
More SeaMiles Limited News Articles