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MENA Hydrocarbons, Inc. SKNAF

"MENA Hydrocarbons Inc was incorporated on May 11, 2010. The Company is engaged in oil and gas exploration, development and acquisition of properties in the Mediterranean and Middle Eastern regions. The Company's current assets include Egypt: Lagia and Syria: Block IX."


GREY:SKNAF - Post by User

Post by DollarHungryon Oct 29, 2014 8:39am
135 Views
Post# 23071298

Mena Hydrocarbons 150,474,000 shares for debt

Mena Hydrocarbons 150,474,000 shares for debtThe TSX Venture Exchange has accepted for filing the company's proposal to issue 150,474,000 shares at a deemed price of 1.5 cents per share to settle outstanding debt for $2,257,110. Number of creditors: 17 creditors Insiders: Magdy Bassaly, $1,166,403, 77,760,200 shares at 1.5 cents; CFO International Investments Inc., $110,800, 7,386,667 shares at 1.5 cents; Mark Ross, $11,248, 749,867 shares at 1.5 cents The company shall issue a news release when the shares are issued and the debt extinguished.
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