Grenville plans to issue 2.18 million shares for dhttps://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:GVG-1674736&symbol=GVG&news_region=C
Grenville plans to issue 2.18 million shares for debt
2009-12-18 16:34 ET - News Release
Mr. Paul Gill reports
GRENVILLE PROPOSES SHARES FOR DEBT SETTLEMENT
GrenvilleGold Corp. intends to settle a total of $109,124 of debt by theissuance of 2,183,879 common shares of the company having a deemedvalue of five cents per share.
All securities in connection with the shares-for-debt settlement willbe subject to a statutory hold period of four months plus a day fromthe date of issuance in accordance with the applicable securitieslegislation.
Closing for the shares-for-debt settlement is subject to a number ofconditions, including receipt of all necessary corporate and regulatoryapprovals, including the TSX Venture Exchange.