Shares issued for debtAnother NR in a row!
Kalimantan Gold 5,519,161 shares for debt
2009-04-28 16:11 ET - Shares for Debt
The TSX Venture Exchange has accepted for filing the company's proposalto issue 5,519,161 shares to settle outstanding debt for $275,958.
Number of creditors: 11 creditors, including five insiders
Insiders: Rahman Connelly, $38,807.81 through 776,156 shares at five cents;Peter Bojtos, $7,357.80 through 147,156 shares at five cents;Murray Clapham, $18,254.58 through 365,092 shares at five cents;Golden Oak Corporate Services Ltd., $42,328.15 through 846,563 shares at five cents;Gerald Cheyne & Co. Ltd., $13,227.89 through 264,558 shares at five cents
The company shall issue a news release when the shares are issued and the debt extinguished.