Good deal...every one winshe company has negotiated the settlement of an aggregate of $687,000 in debt related to certain accounts payable to Cardero Resource Corp. ($477,000) and a portion ($210,000) of the principal sum of certain outstanding loans originally made to the company in 2011 by a number of individuals, some of whom are non-arm’s length to the company. The debt will be settled by the issuance of an aggregate of two million common shares at a deemed price of 21 cents per share. The common shares issued in the debt settlement will have a hold period in Canada of four months from the date of issuance. The company is undertaking the debt settlement to preserve its working capital and the completion of the debt settlement will not create any new control persons.