Tilting Capital Corp. Announces Shares for Debt Issuance
March 17 2014 - 5:37PM
Marketwired
Tilting Capital Corp. Announces Shares for Debt Issuance
CALGARY, ALBERTA--(Marketwired - Mar 17, 2014) - Tilting Capital
Corp. (the "Corporation" or "Tilting Capital") (TSX-VENTURE:TLL.H)
announces that it has approved the settlement of outstanding
management fees payable to the President and CEO of the Corporation
in an aggregate settlement amount of $45,000, through the issuance
of an aggregate of 450,000 common shares in the capital of the
Company ("Common Shares"), at a price of $0.10 per Common Share.
The amounts are payable pursuant to the consulting agreement with
the President and CEO.
The Common Shares will be subject to a four-month hold period
from the date of issuance in accordance with applicable securities
laws. The transactions contemplated under the debt settlement
agreements are subject to certain conditions including, but not
limited to, the receipt of all necessary approvals, including that
of the TSX Venture Exchange.
The Corporation has determined that exemptions from the various
requirements of TSX Venture Exchange Policies are available for the
issuance of the Common Shares.
Neither the NEX Board, 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 press release.
Tilting Capital Corp.Scott P. Hayduk(403) 560-4951
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