GREY:LGLTF - Post by User
Post by
tmf3333on Jul 10, 2015 6:48am
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Post# 23910538
Today's News Release
Today's News Release
For those who are worried they would go bankrupt, this part of the NR should set your mind at ease. If a company was even going to consider going bankrupt, they would not do this:
The Company also announces that it has entered into separate debt conversion agreements with a former independent director of the Company and the Company's corporate counsel to issue an aggregate of 6,589 units in settlement of approximately $65,895 in aggregate indebtedness owing by the Company to such parties. The settlement of the outstanding indebtedness is subject to all applicable regulatory approvals, including the approval of the TSXV.