Andover & SNS settleAndover settles $2-million SNS debt in shares, cash
2009-09-02 09:54 ET - News Release
Also News Release (C-SNS) SNS Silver Corp
Mr. Richard Martens reports
ANDOVER AND SNS SILVER CORP. NEGOTIATE DEBT SETTLEMENT
Andover Ventures Inc.'s chief executive officer, Gordon Blankstein, and SNS Silver Corp.'s David Greenway, president and CEO of SNS, have agreed on a settlement of Andover's debt to SNS. Under the terms of the agreement, SNS will receive four million common shares of Andover, valued at $1-million, plus $1-million in cash for the settlement of the principal debt between the companies. For more information visit the companies' websites.